How to Open a Small Business Account

Thank you for choosing CIBC as your business banking partner. Opening a CIBC Business Banking Account is a quick and easy process.

We offer a choice of three accounts to meet the needs of your business:


Step 1 - Getting started


Please note:
You can also choose to visit a CIBC branch that is convenient for you. If you and the other principals or signing officers are present with the required business documents, a CIBC advisor may be able to open the account at that time.

If you require assistance, please call CIBC Telephone Banking at 1-800-465-2422.


Step 2 - Preparing for your appointment

In order to ensure that your appointment is quick and easy, all principals and signing officers for the business should attend. Please bring the following:

  • Your completed Small Business Account Application (unless you have been asked to provide this before your appointment)
  • Two pieces of original identification (including one with a photo) for each principal and signing officer
  • Documentation specific to your business type, as outlined below:

Business
Structure

Required
Documents

Sole Proprietor

  • Original business name registration if you are using a business name (except where registration is not available per provincial law)

Partnership

  • Original partnership registration (if a registration is required by provincial law)

Corporation

  • Original articles or certificate of incorporation
  • Most recent filing with your incorporating jurisdiction listing your directors
  • Trade Name Registration (if applicable)
  • If your corporation has been in existence for more than one year,one of the following documents, issued within the last year:
    • Certificate of Corporate Status
    • Certificate of Existence
    • Company's Annual Report for past fiscal year
    • Company's most recent Notice of Assessment
    • Current business license or vendor permits
    • Current health or safety certificates
    • Current liquor license

Unincorporated Association

  • Association's original constitution and bylaws

Additional documentation may be required at the time your application is reviewed by a CIBC advisor.

More articles


Tools and Resources

Know how to Start Strong

Kick-start your new business with planning ideas and expert guidance from the CIBC Small Business Start Strong program.

Learn more