{"id":57270,"date":"2023-07-31T17:43:56","date_gmt":"2023-07-31T17:43:56","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business__trashed\/business-stages\/"},"modified":"2026-02-02T17:16:37","modified_gmt":"2026-02-02T22:16:37","slug":"business-stages","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/","title":{"rendered":"Business Stages"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-0 pad-t-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-6ba379fd wp-block-group-is-layout-constrained\">\n<p class=\"h3 mar-b-0 mar-t-0 intro\">Few things are more rewarding than starting and growing a business. Explore strategies to turn your entrepreneurial dreams into reality.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-6a8482bd-b6d0-4834-8271-2f9a1594c92e\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-start-a-business\">Start a Business<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/\">More from Start a Business<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-30661bd1-7f66-4c1d-96ff-787022e5cb5f\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57799\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57799 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-entrepreneur tag-ideas-and-insights rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-intermediate rbc_mmm_category-business rbc_mmm_category-business-stages rbc_mmm_category-right-sized-business-advice rbc_mmm_category-solo-entrepreneur rbc_mmm_category-start-a-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"post card image\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-536-2.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"post card image\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/\">\n\t\t\t\t\t\tStart a Business\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/do-you-have-what-it-takes-to-start-a-business\/\" class=\"h4 loop-post-title mar-t-0\">Do You Have What it Takes to Start a Business?<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e663d650-7f6b-4e96-84b8-e7dbd963ec1a\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-0aeacb6d-53fd-4591-b785-b246ad72fbbf\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e42770d2-d238-453b-b481-8e6d04ef0afb\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">Almost 70% of Canadians agree that digital technologies have made it easier than ever to start a business.<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-599108c0-1b7b-490b-8310-90e6da185e42\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-black-tint-color has-text-color\" style=\"font-weight:400\">Source: RBC 2023 Small Business Poll<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-c6ffc1df-a5a7-43c1-abac-4cde3caf1e13\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-grow-your-business\">Grow Your Business<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/\">More from Grow Your Business<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-6886da66-8d70-4566-b4ce-f3830c48429a\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57615\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57615 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-commercial-insights tag-entrepreneur tag-ideas-and-insights rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-stages rbc_mmm_category-commercial rbc_mmm_category-grow-your-business rbc_mmm_category-right-sized-business-advice\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"Portrait of a mature man working in a bicycle repair shop\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"960\"\n\t\t\theight=\"640\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2022\/12\/iStock-825854604.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"Portrait of a mature man working in a bicycle repair shop\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/\">\n\t\t\t\t\t\tGrow Your Business\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/5-ways-grants-can-help-grow-your-business-in-2024\/\" class=\"h4 loop-post-title mar-t-0\">5 Ways Grants Can Help Grow Your Business in 2024<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-934002cd-2c21-49c8-8347-2cfbb982fe47\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-c940a010-a580-47aa-95a2-80ff8811746c\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-5ce37efe-f31b-4cc8-9384-73658e8d77c5\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">Businesses earning less than $30,000 a year usually do not have to register for federal and provincial sales taxes (GST\/HST).<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-3189af01-b519-48be-bebf-15b0c5495fcf\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-c6529e30-ee68-47ba-95c5-de3fc467fc1d\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-transition-your-business\">Transition Your Business<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/transition-your-business\/\">More from Transition Your Business<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-406795ea-c5e0-4405-8e2d-e54682d29001\" aria-hidden=\"true\"><\/div>\n\t\n\n\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57859\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57859 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-agriculture tag-entrepreneur rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-intermediate rbc_mmm_category-business rbc_mmm_category-business-stages rbc_mmm_category-transition-your-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"post card image\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-851-1.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"post card image\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/transition-your-business\/\">\n\t\t\t\t\t\tTransition Your Business\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/transition-your-business\/2-ways-the-younger-generation-can-smooth-family-transition-2\/\" class=\"h4 loop-post-title mar-t-0\">2 Ways the Younger Generation can Smooth Family Transition<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e42d8689-e4ce-4d8b-abb7-5ff19849608f\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-6a8482bd-b6d0-4834-8271-2f9a1594c92e {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-6a8482bd-b6d0-4834-8271-2f9a1594c92e {\n\t\t\theight: 64px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-30661bd1-7f66-4c1d-96ff-787022e5cb5f {\n\t\theight: 16px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-30661bd1-7f66-4c1d-96ff-787022e5cb5f {\n\t\t\theight: 16px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-e663d650-7f6b-4e96-84b8-e7dbd963ec1a {\n\t\theight: 1px;\n\t}\n\n\t@media ( max-width: 480px ) 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