Business Costs

It is important to consider the cost of business prior to selecting an appropriate site.

Our team has identified the core costs that may impact a decision on investment.

To operate a business in the Province of Ontario with a name that is different than a personal legal name, it must be registered.  A Master Business License confirms that a business name has been submitted to the Ontario Ministry of Services, Companies, and Personal Property Security Branch for registration on the public record.  This license can be used as proof of registration for a business name at a financial institution and is required to set-up a business bank account.  A business can be registered as a sole proprietor, general or limited partnership, or under an existing corporation.  The fee for a Master Business License is $60 and must be renewed every five years.

In order to operate a business in Timmins, Ontario, certain businesses are required to secure a business license from the City of Timmins. Licenses cost $145 per year. The required approvals or inspections will vary depending on the sector the business operates in.

The following property tax rates are for Timmins, Ontario as of 2023.
Type of Property Rate
Residential 1.933
Multi-Residential 3.437
New Multi-Residential 1.933
Occupied (CT, CP, ST, DT & GT) 4.440
Occupied (CH) 4.540
Vacant Land 4.540
Excess Land 4.440
Occupied (IT & IP) 5.330
Occupied (IH) 5.430
Vacant and Excess Land 5.330
Large Industrial
Occupied 5.330
Vacant & Excess Land 5.330
New Large Industrial
Occupied 5.330
Vacant & Excess Land 5.330
Pipelines 4.898
Farmlands 0.483
Managed Forests 0.483
Sources City of Timmins. “2023-8810 Tax Rates By-law” City of Timmins Document Centre. April 5, 2023. Accessed June 14, 2023. Notes Commercial properties located in the Downtown Timmins Business Improvement Area are subject to a special levy rate which is capped at $10,000.00. Timmins property tax rates do not include commercial water and sewer rates.
The following commercial water and sewer rates are for Timmins, Ontario as of 2023.
Useage 2023 Quarterly Rate*
Up to 72,737 Litres $124.56
Over 72,737 Litres $1.71 per 1,000 litres
Sources City of Timmins. “2022-8775-Amend Water By-law 1974-253 re_2023 Water and Sewer Rates.” City of Timmins Document Centre. February 24, 2023. Accessed June 14, 2023. Notes *2023: The sewer rate is 115.99% of the water rate.

The City of Timmins Planning Department assists developers with zoning amendments as necessary and ensures conformity with the City of Timmins Official Plan. Development projects require the establishment of a site plan control agreement to ensure that development principles of the Official Plan are addressed at the site planning stage.

The City of Timmins charges building fees based on the construction value (CV) of a project. The table outlines building fees for developments within the city.

Building Fees2023
Building Permits
Base Application Fee (BAF)$90
New Building, Alterations, Repairs,
Renovations, Moving Building, Trailers
BAF + $11/$1,000 CV*
Above Ground Tanks and Tanks
Constructed on Site**
SignsBAF + $11/$1,000 CV*
Change of Use Permit No Construction***$140
Conditional Permit***$185
Partial/Staged Permit***$285/staged permit
Temporary Tents and Air Support Structures$110 <225m2; $110>225m2
Occupancy Permit***$140
Alternative Solution Proposal (per Application)***$535
Building Requests
Building Compliance / Inquiries$120
Liquor License Letters$120
File Search – Environmental Assessment$125
File Search – Inactive Files$75
Building Documents
Plans Sign Out$50 ($40 refunded)
8.5″x11″ (legal)$1.15

*CV = construction value
**This fee is not applicable and would be part of other planning procedure for larger developments
***New fees as reflected in the Ontario Building Code

City of Timmins. “2020-8488 – New User Fees.” City of Timmins Document Centre. April 13, 2023. Accessed June 14, 2023.

The Province of Ontario has a combined corporate tax rate of 26.5% (Federal rate of 15%; Provincial Rate of 11.5%).

The Federal and Provincial tax structure is uniquely designed to nurture development across all industries. Ontario’s business tax system is amongst the most competitive internationally. Out of the 13 Canadian Provinces and Territories, Alberta is the only Province with a lower corporate tax rate than Ontario. Among G7 countries, Canada’s corporate tax rate is lower than Germany, Italy, France, and Japan.

United States25.8
Canada(Provincial Avg.)27.2
South America32.3

The Province of Ontario uses a harmonized sales tax (HST) system that is a combination of the Federal Canadian goods and services tax (GST) and Provincial sales tax (PST) . HST is essentially a consumption tax paid at the point of sale by the consumer and business. The HST in Ontario is 13%.

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