Start Your All Other Insurance Related Activities Business in Moncton
This page delivers a practical, step-by-step guide to launching an All Other Insurance Related Activities business in Moncton (NAICS 524298). It gives a clear requirements overview of the 9 requirements you’ll meet, the permits and registrations you’ll need, and the upfront costs to budget for. It’s designed to be a simple, action-oriented plan you can follow from day one.
You’ll come away with a practical checklist covering licensing, business registration, and local permits. We outline the nine requirements and how to tackle them in order. You’ll also see typical startup costs, a realistic timeline from formation to launch, and tips for budgeting for software, marketing, and ongoing compliance in the insurance space.
Moncton combines a growing market with affordable living and supportive business resources. The city’s central location in Atlantic Canada makes client access efficient, while local programs and advisors help you navigate approvals and financing. With the 9 requirements laid out, you can start with confidence and scale your All Other Insurance Related Activities business in a city that's ready for growth.
Requirements Overview
The most critical requirement for operating a business in Moncton is the Business Licence. This municipal licence is required to legally run a business in the city, and there are no substitutes or waivers. You cannot open or continue operating without an active licence, so obtaining and keeping it current is non-negotiable.
Mandatory Operational Requirements: Health and safety come first. If you hire employees, you must have New Brunswick WorkSafeNB employer coverage so workers are protected. Establish basic safety practices, train staff, and stay compliant with workplace rules. Grouping this with permits and general operations helps keep your foundation solid before you scale.
Business Registration & Tax: Your next steps shift toward registrations and tax accounts. You’ll need a Canada Revenue Agency Business Number (BN) to handle GST/HST, payroll deductions, and corporate taxes. If you operate under a trade name, register it with the New Brunswick SNB. Depending on your structure, you may need NB Partnership Registration or NB Corporation Registration. GST/HST registration is required if you meet the revenue threshold, and Payroll Deductions Registration is needed if you have employees.
Encouragement: You’ve got this—the key is to tackle the licences and registrations in a logical order. Start with the Business Licence, then align safety requirements, and finally set up your BN, SNB, and any partnership or corporate registrations. Gather the necessary documents, check in with Moncton city hall and Service NB, and consider a quick chat with an accountant or business advisor to map out a clear, practical action plan.
Detailed Requirements
Here are the specific requirements for starting a all other insurance related activities in Moncton:
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Business Licence RequiredGeneral business licence required to operate a business in City of Moncton. Apply to City of Moncton for Business Licence: 1. Determine business category 2. Complete business licence application 3. Submit required documents (ID, lease, zoning confirmation) 4. Pay application and annual fees 5. Await approval and receive licence Contact City of Moncton Business Licensing for specific requirements. Home-based businesses may have different requirements. Annual renewal required.
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Business Number (BN) Registration RequiredA 9-digit Business Number is required for most businesses operating in Canada. It is used to interact with the Canada Revenue Agency and other federal programs. Required for GST/HST, payroll, corporation income tax, and import/export accounts. Register FREE online through Business Registration Online (BRO) at canada.ca. Takes 15-30 minutes. As of November 3, 2025, online registration is MANDATORY for new BNs - phone registration no longer available. You'll need: business name, address, owner SIN, business type, and start date. BN (9-digit number) issued INSTANTLY online. Available 21 hours/day, 7 days/week (closed 3-6am ET for maintenance).
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FINTRAC Registration (Anti-Money Laundering) RequiredFinancial services must register with FINTRAC and implement anti-money laundering and terrorist financing compliance programs. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Mandatory for: MSBs, casinos, real estate, securities, accountants, BC notaries. Register online. Compliance program required. Suspicious transaction reporting. Large cash reporting ($10K+). Keep records 5 years. Contact FINTRAC: 1-866-346-8722.
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New Brunswick Business Name Registration (SNB) RequiredBusinesses in New Brunswick must register their business name with Service New Brunswick if operating under a name other than the owner's legal name. This applies to sole proprietorships, partnerships, and trade names. Registration provides legal recognition and is required for business operations and licensing. Registration can be completed online through SNB Online. Business name registrations for sole proprietorships and partnerships must be renewed every 5 years. To register a business name in New Brunswick: 1. Conduct name search ($13.80) 2. Complete registration through SNB Online 3. Pay $112 registration fee (includes Royal Gazette) 4. Receive certificate of business name 5. Renew every 5 years ($62) 6. Report any changes as required
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Partnership Registration ConditionalRequired for partnerships. Registration of partnerships. Register through Province of New Brunswick Corporate Registry or business services: 1. Conduct name search if applicable 2. Complete registration application 3. Submit required documents 4. Pay registration fees Contact Province of New Brunswick government services for specific requirements and fees. Annual reporting may be required.
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NB Corporation Registration ConditionalRequired if incorporating in New Brunswick. Incorporation under NB law. Register through Province of New Brunswick Corporate Registry or business services: 1. Conduct name search if applicable 2. Complete registration application 3. Submit required documents 4. Pay registration fees Contact Province of New Brunswick government services for specific requirements and fees. Annual reporting may be required.
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GST/HST Registration ConditionalRequired if annual taxable revenue exceeds $30,000 (small supplier threshold). Taxi/ride-share drivers must register regardless of revenue. Businesses with gross revenues over $30,000 in any single quarter or over four consecutive quarters must register for, collect, and remit GST/HST. Small suppliers (under $30,000) may register voluntarily. Register FREE online through Business Registration Online (BRO) when your revenue exceeds $30,000 in any 4 consecutive quarters (small supplier threshold). Takes 15-30 minutes. You MUST register within 29 days of exceeding threshold and start charging GST/HST immediately on the sale that made you exceed it. Need your BN (or get one simultaneously). As of Nov 3, 2025, online registration is mandatory. Voluntary registration available anytime for input tax credits.
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Payroll Deductions Registration ConditionalRequired if you pay salaries, wages, or other remuneration to employees. Must register before first pay period. Required if you have employees. You must withhold Canada Pension Plan (CPP), Employment Insurance (EI), and income tax from employee wages and remit to CRA. Register FREE online through Business Registration Online (BRO) when you hire your first employee. Takes 15-20 minutes. You'll need your Business Number (BN) or can get one simultaneously. Payroll account (RP) added to your BN instantly. Register BEFORE your first pay date. Required to deduct CPP, EI, and income tax from employee wages. For 2025: CPP rate 5.95%, EI employee rate $1.66/$100 insurable earnings.
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New Brunswick WorkSafeNB Employer Coverage ConditionalRequired if you have employees in New Brunswick. Employers in New Brunswick must register with WorkSafeNB (Workplace Health, Safety and Compensation Commission) and maintain coverage for workers. WorkSafeNB provides insurance coverage for workplace injuries and occupational diseases. Most employers are required to register, with limited exceptions. Registration must occur within 10 days of commencing business operations or hiring the first worker. Employers pay assessments based on their classification unit rate and assessable payroll. To register with WorkSafeNB: 1. Determine if you're in a mandatory industry with 3+ workers 2. Register with WorkSafeNB online or by phone 3. Report assessable payroll annually 4. Pay premiums based on industry rate ($1.18/100 avg 2024) 5. Maintain coverage and report workplace injuries 6. Experience rating affects rate (+80% to -40%)
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