How To

Here are the documents you need to open your first business bank account, tips on how to open your account and why you should have one.
Rachel Salares Nov. 09, 2021 3-minute read

Required documentation and ID

For all business types:

For sole proprietors:

For general, limited or limited liability partnerships:

For corporations of incorporated associations:

Consider which account to open

Decide whether to open your account online or in person

Still not sure if you need a business bank account?

Written by
Rachel Salares

Rachel Salares is a communications and change management professional based in Toronto with CIBC.  With previous experience in both the corporate and non-profit sectors, she now works in Business Banking creating content for entrepreneurs and financial advisors across Canada.