How can I open franchise in Canada?
To open the franchise in Canada, there are a number of important steps that must be completed. The franchise is a business arrangement where the franchise pays the parent company for its trademark, products or technology. In return, the parent company provides business support, training, improvements and access to resources and support staff.
The first step to open the franchise in Canada is to explore different options. The reason for the franchise failure is the location. Take the time to visit the proposed places and walk around. Take a look at the anchor company that regularly attracts people to the place and determine if these people are interested in the goods or services offered by your business.
Remember that weather patterns have a huge impact on consumer activity and will affect the success of the franchise in Canada. For example, the location of a restaurant that is 15 to 20 minutes walk from the busy authority is a great location for business lunch in summer, but it is unlikely to attract in winterMany business if there is no underground sidewalk. Check out the availability of parking and see if clients will have to pass the competition from the parking garage to get to the proposed location.
Find out whether the proposed location is in the country or city center by reviewing data on the population from Canada statistics. This government agency provides free access to a wide range of information about the population such as medium income, distribution of households, family structure and local industry. This is particularly important when looking at the size of the community and the evaluation of its ability to maintain local businesses.
The size of cities and communities in Canada is not comparable to the United States, due to the difference in the total size and density of the population. Anejně 85 percent of Canada's population lives in medium -sized cities. The largest city in Canada is Toronto, Ontario, and is comparable in size and industry with Detroit, Michigan.
Some franchise operations have a community commitment component. In general, most companies require the owners either living in or near the proposed business. The purpose of this clause is to support the involvement of community and active participation in business operations.
If you want to open the franchise in Canada, you will need to register a company in the Canadian customs and income agency (CCRA). Within this process you will be issued a business number in your registered business, also tax numbers and wage deduction numbers. In Canada there are two primary turnover taxes, goods and services tax (GST) and provincial turnover tax (PST). Some provinces combined these two taxes into one, called a harmonized turnover tax (HRST).