How Much Does It Cost to Start a Business in Ontario?
- Pitch Fund
- Oct 22
- 2 min read
Updated: Nov 4
Thinking about launching your own business in Ontario? In this article, I will provide you with an estimated cost that you would need to start a business in Ontario.
Here’s a quick breakdown of what you’ll actually spend (and where to do it):
1️⃣ NUANS Report ~ $56
This report checks if your business name is available.
2️⃣ Business Registration / Incorporation – $300
This officially registers your business with the Ontario government.
🔗 Register online: Ontario Business Registry | ontario.ca
💡 Starting small? A sole proprietorship costs only $60.
3️⃣ Domain Name ~ $20/year
Your domain name is your digital identity. You can purchase it with your web hosting package or separately through GoDaddy.
🔗 Here: www.godaddy.com
4️⃣ Website Hosting – $450/year
There are several platforms for creating your website. Most of them now offer built-in AI features that will help you build your website with just a few prompts. I find Wix to be particularly useful. The cost of creating your website and hosting it on Wix without any branding (i.e., their premium plan) is $447.48 per year (cost up to date as of Oct 2025). Sometimes, Wix offers discount codes and coupons that can help bring this yearly cost down.
5️⃣ Customized Business Email (Google Workspace) ~ $124.75/year per custom email
Google Workspace's starter package offers a professional email like info@yourbusiness.ca through Google Workspace at the cost of $124.75 per year (cost up to date as of October 2025), per email address.
🔗 Learn more: workspace.google.com/pricing.html
💡 This also includes cloud storage, calendar, and collaboration tools.
6️⃣ Business Bank Account – $7–$20/month
Having a separate business bank account has several advantages, especially when it is time to file your tax returns. All your business transactions will be in one place. I find RBC's business bank account to be the cheapest at only $7 per month, making it great for starting a business bank account.
🔗 Example: rbcroyalbank.com/business/accounts.html
💰 Estimated Startup Cost Summary
Item | Approx. Cost (CAD) |
NUANS Report | $56 |
Incorporation | $300 |
Domain | $20/year |
Hosting | $450/year |
Business Email (Google) | $124.75/year |
Bank Account | $84/year |
Total Estimate | ~$1,035/year |
Pro tip: Start lean — always create a minimum viable product (MVP) first to test the market. Use a simple domain and email, and scale as your business grows.
Why Choose Ontario for Your Business?
Ontario is a vibrant hub for entrepreneurs. The province offers a diverse economy and a supportive environment for startups. With access to a large customer base and a wealth of resources, Ontario is an excellent place to launch your business.
The Benefits of Starting a Business in Ontario
Starting a business in Ontario comes with numerous benefits. The province has a strong infrastructure, a skilled workforce, and a variety of funding options. Additionally, Ontario's government provides support programs to help new businesses thrive.
Funding Opportunities for Entrepreneurs
As you embark on your entrepreneurial journey, consider exploring various funding options. There are grants, loans, and investment opportunities available to help you get started. Researching these options can provide you with the financial support you need to turn your ideas into reality.
🚀 Pitch Fund helps founders simplify the startup journey — from idea to investor-ready. Follow us for more practical business tips.
Comments