Business Startup Resource Page
1. Business Startup Checklist
3. Sample Formal Business Plan
1. Business Startup Checklist
A free Saskatchewan business startup checklist that explains all of the most important steps to properly set up a business in Saskatchewan
2. Magnaltus YouTube Channel
3. Sample Formal Business Plan
1. Business Startup Checklist
A library of 250 videos covering important business startup and business management topics
3. Sample Formal Business Plan
3. Sample Formal Business Plan
3. Sample Formal Business Plan
A full sample of a formal business plan that can be used to submit to lenders or investors to seek startup funding
4. Magnaltus Consulting Blog
6. Saskatchewan Business Startup Webinar
3. Sample Formal Business Plan
A blog dedicated to providing information to business owners and aspiring entrepreneurs covering a variety of business management and startup topics
5. Saskatchewan Business Startup Course
6. Saskatchewan Business Startup Webinar
6. Saskatchewan Business Startup Webinar
An online course that goes into detail on all the important steps and information needed to successfully start a business in Saskatchewan including over 70 videos and 7 hours of content
6. Saskatchewan Business Startup Webinar
6. Saskatchewan Business Startup Webinar
6. Saskatchewan Business Startup Webinar
A 1-hour webinar presented by Josh Buchanan covering all the fundamental steps need to start a business in Saskatchewan such as registration, licensing, taxes, insurance, and more!
7. Free Initial Business Startup Consultation
7. Free Initial Business Startup Consultation
7. Free Initial Business Startup Consultation
Book a free 1-on-1 business startup consultation with Josh Buchanan, Business Management Consultant and Owner of Magnaltus Consulting
8. Templates
7. Free Initial Business Startup Consultation
7. Free Initial Business Startup Consultation
Templates for a bookkeeping spreadsheet, invoice, and receipt.
9. More Business Resources
7. Free Initial Business Startup Consultation
9. More Business Resources
A list of additional links and resources for starting and operating a business
Magnaltus on YouTube
How to Start a Business in Saskatchewan
Learn the basic steps to starting a business in Saskatchewan.
How to Start a Business for Free
Learn how to start a business on a tight budget!
Check out 250 videos on YouTube
Magnaltus Consulting has over 250 short videos covering business startup and business management topics and questions
Magnaltus Blog
How to Start a Business in Saskatchewan Course
Interested in starting your own business but don't know where to begin? This FREE online course provides the most important steps, information, and resources needed to get started and guides you through the process in the correct order of events!
The course content is specifically designed for residents of Saskatchewan
⦿ How to choose a business idea
⦿ Different legal structure options
⦿ How to get registered and licensed
⦿ Choosing an appropriate business name, logo, & branding
⦿ How to write a formal business plan
⦿ Eliminating unnecessary expenses
⦿ Determining startup costs
⦿ Setting up PST, GST, payroll, and worker's compensation
⦿ How to grow and market your business
⦿ Options for building your own website
⦿ Marketing ideas and strategies
⦿ Proper banking, accounting, and bookkeeping techniques
⦿ Insurance and income tax
⦿ Other useful resources
Saskatchewan Business Startup Webinar
Check out this webinar covering all the fundamental steps needed to start a business in Saskatchewan. Presented by Business Management Consultant Josh Buchanan, this webinar touches on the keys to getting off to the right start in business.
Book a free initial consultation
Templates
Invoice template - https://docs.google.com/document/d/1o94XzWof3y99fbKi1FeZvuwSZLzTazNPeMu3n2bTzqc/copy?tab=t.0
Receipt template - https://docs.google.com/document/d/1i-joaHdg3Tyvolba4pggjBoiOlFzTsQNtJ8a5MXh6DA/copy?tab=t.0
Bookkeeping spreadsheet - https://docs.google.com/spreadsheets/d/1R5l0eKycAOzCTvQFRBGI9hjL8Dx0dpbpkk96Jh1LbK8/edit?gid=199234165#gid=199234165
More Business Resources
1. Starting a business
If you're starting a business in Saskatchewan, here are a few useful resources:
The ISC business registry is the site you want to visit to register your business and has options for proprietorship, partnership, corporation, and more.
Saskatchewan business startup checklist from Magnaltus Consulting
Most cities will require you to register for a business license. Here is the link for the city of Saskatoon's licensing applications.
Every business will have different start-up requirements and costs, however, the following link from SK Startup Institute provides a good base for the necessary start-up steps.
Some businesses require additional licenses and permits, find out from BizPal for which ones you may need for operating in Saskatchewan.
The City of Saskatoon has a business startup guide available with useful resources.
The Business Exchange is a useful resource if you want to purchase an existing business or become a franchisee.
2. Business plan writing templates and guides
Need a business plan but want to prepare it yourself? Here are a number of useful resources:
https://www.bsbcon.com/wp-content/uploads/2021/06/Bsbcon-Sample-Business-Plan-Template.docx
https://skstartup.ca/guides/business-planning/writing-your-first-business-plan/
https://skstartup.ca/wp-content/uploads/2022/04/Business-Plan-Template.docx
https://skstartup.ca/wp-content/uploads/2023/02/Business-Plan-Basics-Checklist.pdf
https://businessplangenius.com/standard-plan/index.html
https://businessplangenius.com/premium-plan/index.html
https://www.oberlo.ca/blog/business-plan-examples
https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
https://quickbooks.intuit.com/r/starting-a-business/business-plan-template/
https://www.conexus.ca/Business/Resources/StartingBusiness/
https://skstartup.ca/video-resources/executive-summary-and-business-introduction/
https://wesk.ca/wp-content/uploads/2023/02/WESK-Business-Plan-Guide-v1-Dec-2022.docx
https://thesoloentrepreneur.org/build-business-plan-free-template/
3. Options for business startup funding
If you're starting a business and need financing, here are a few resources to help you determine where and what kind of financing to get.
https://www.youtube.com/watch?v=HoO986BRrx0
https://www.youtube.com/watch?v=yYB-_9GEpUg
https://innovation.ised-isde.canada.ca/innovation/s/?language=en_CA
https://www.futurpreneur.ca/en/landing-page/bdc-web-referral/
4. Free tax software
Doing your own taxes is a lot easier if you have the right software programs that simplify the process. Wealthsimple is a great option for preparing your taxes yourself.
TurboTax also provides a free option for tax preparation.
5. Tax deductions for self-employed individuals
If you own your own business, there are many expenses you can claim as tax deductions in order to reduce your taxable income. Here is a list of those expenses:
The Government of Canada also has a list of deductible expenses.
6. Free business bank account
Free bank accounts are much harder to find for businesses than they are for individuals but BMO does have one option for free business banking.
The Open Door Society's mission is to assist newcomers to Canada to become participating members of an inclusive and diverse community and country.
Saskatchewan Intercultural Association provides programs and services that empower and relieve barriers for Newcomers and Indigenous people.
7. GST/HST collecting for Canadian businesses
This video explains the basics of how and when to collect GST as a business in Canada.
Canada Revenue Agency's basic information on GST collection and remittance for businesses.
8. Useful YouTube channels for business and personal finance
Avalon Accounting - https://www.youtube.com/@AvalonAccounting
Magnaltus Consulting - http://www.youtube.com/@magnaltusconsulting
Canadian in a T-shirt - https://www.youtube.com/@CanadianTShirt
Jessica Moorhouse - https://www.youtube.com/@jessicamoorhouse
Women Entrepreneurs Saskatchewan - https://www.youtube.com/@wesk-womenentrepreneursofs30
9. Information for import businesses
This video explains the basics of how to import goods for sale in Canada.
Information from the CBSA on steps to importing commercial goods.
10. Information for making business invoices
The information needed to be included on a business invoices
11. Deductible vehicle expenses for businesses
Information on what tax deductions you can claim when using a vehicle for business use.
12. Information on employee payroll deductions
Information on what employers must deduct from employees and how to remit it.
More information on payroll deductions.
13. Information on different types of insurance for businesses
Information on the various types of insurance a business may want or need.
More information on business insurance.
Additional link on business insurance.
14. Information on collecting PST in Saskatchewan
Main PST website - https://www.saskatchewan.ca/business/taxes-licensing-and-reporting/provincial-taxes-policies-and-bulletins/provincial-sales-tax
WESK PST webinar - https://www.youtube.com/watch?v=wJHBInv8dhM&t=2616s
Jessica Moorhouse on PST - https://www.youtube.com/watch?v=wL4P-q4wUHQ
15. City of Saskatoon Zoning Bylaw Information
Saskatoon interactive zoning bylaw map - https://citysaskatoon.maps.arcgis.com/apps/webappviewer/index.html?id=20597b40346845c8ac42539278072319
General zoning information - https://digital-zoning-bylaw-citysaskatoon.hub.arcgis.com/
16. Information on opening a food business in Saskatchewan
Provincial food business requirements - https://www.saskhealthauthority.ca/your-health/conditions-illnesses-services-wellness/all-z/food-safety/requirements-opening-food-business
Provincial food safety requirements - https://www.saskatchewan.ca/residents/environment-public-health-and-safety/food-safety
More information - https://www.saskhealthauthority.ca/your-health/conditions-diseases-services/food-safety
17. City of Saskatoon specialty business information
Additional information for specialty businesses in Saskatoon such as restaurants, day cares, and transportation businesses.
18. More business resources
BDC has a large library of business resources from startup to succession.