If you’re looking to start importing goods into Canada, you’ve likely come across the term BN, or Business Number. This short and simple identifier is essential for conducting business operations in Canada, especially when dealing with imports and exports. But what exactly is a BN, and why is it so important for importing into Canada?
Here’s everything you need to know about BNs and how they relate to importing in Canada.
A Business Number (BN) is a unique nine-digit identifier that the Canada Revenue Agency (CRA) assigns to businesses operating in Canada. Think of it as a “business ID” that ensures any dealings or transactions with the federal government, including importing, are streamlined and organized under one identifier.
Whether you’re a Canadian or foreign business looking to operate in Canada, having a BN is critical for tax purposes and government-related transactions.
If you’re importing goods into Canada, you must have an import/export account associated with your Business Number. This account registers your business with the CRA, enabling you to conduct import/export transactions legally. Without a BN, your shipments could be delayed at customs or, worse, denied entry into Canada.
When you register your import/export account, it ensures that your imported goods are properly documented and customs duties, taxes, and fees are accurately assessed.
Acquiring a Business Number is a relatively straightforward process. Here’s what you need to do:
Yes, even if you’re not a resident of Canada, you will need a BN to import goods into the country. Non-resident businesses looking to sell or distribute goods in Canada must also comply with Canadian tax and customs regulations, which require registering for a BN and import/export account.
Registering your BN sets you up for success as an importer in Canada. Here are a few reasons why it’s important to obtain one:
Your BN streamlines transactions with the CRA and Canada Border Services Agency (CBSA) by associating all import/export activity under one identifier.
Having a BN ensures your business meets federal and provincial regulations, avoiding customs issues or penalties for non-compliance.
Your BN allows you to remit taxes, customs duties, and other fees efficiently, ensuring smoother importing processes.
Obtaining a Business Number is one of the first steps to becoming an importer in Canada—but it’s not the only one. Importing goods requires careful attention to compliance, documentation, and customs processes. That’s where we come in.
At LCS Customs Brokers, we simplify the importing process so you can focus on growing your business. From customs clearance to documentation support, we handle it all with precision and care.
Don’t wait—get your import/export account and ensure your shipments cross the border smoothly. Contact LCS Customs Brokers today to learn more or get started!
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Customs Department: customs@lcslogistics.com
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Telephone: 905-850-1960
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