Effective 2020 business owners will have more options available for Business Licence filing. Businesses wishing to change their fiscal year end date from December 31 can select from any of the following fiscal date options:

  • March 31
  • June 30
  • September 30
  • December 31

All businesses are required to file Business Licence renewals by January 31, 2020. (However, accounts certification is required for businesses with a turnover that exceeds $100,000)

No agency approvals (eg. Environmental Health, NIB Letter of Good Standing) are required for renewal submissions
Business Licence fees remain FREE for businesses with an annual turnover under $100,000

The turnaround time for Business Licence renewal approvals remain at 48 hours

Process for Transitioning:

  • Businesses wishing to transition to a more flexible fiscal year end date should apply at least 30 days in advance of the dates outlined
  • Once approval is granted for transition the Business Licence fee for the operational period within the current year becomes due within 90 days
  • Business Licence filing and fees will not be required again, until the end of the new fiscal year selected