Launch Your 522299 Credit Intermediation Business in Fredericton
This page is a practical, step-by-step guide to starting a 522299 Credit Intermediation business in Fredericton. It gives you a clear overview of the 10 regulatory requirements you’ll need to meet, the permits and licenses likely required, and an honest look at the costs and timeline. You’ll also find a simple roadmap—from registration to launch—that helps you stay compliant and moving forward.
By reading this page, you’ll learn exactly what the 10 requirements cover, what permits you should prepare for, and how much you can expect to invest up front—licensing fees, insurance, technology, and setup costs. You’ll also get a practical timeline, with milestones from company formation to your first day serving clients, plus tips to streamline approvals and stay on track.
Fredericton offers a welcoming business climate, local support for startups, and access to Atlantic Canadian markets—a smart fit for a growing credit intermediation operation. The city’s mix of government programs, skilled professionals, and affordable office and tech costs can help you launch smoothly and scale responsibly.
Requirements Overview
The most critical requirement for operating a business in Fredericton is the Business Number (BN) Registration. This number is the government identifier you need to interact with federal and provincial tax and regulatory programs, and you cannot legally operate or open bank accounts without it. It is the non‑negotiable foundation of your business, especially in the international, secondary market, and nondepository credit intermediation space.
Beyond the BN, there are mandatory operational requirements to keep your business compliant on a day‑to‑day basis. Health and safety matters are a priority, so if you have employees you must have New Brunswick WorkSafeNB employer coverage. You’ll also likely need a municipal Business Licence to operate in Fredericton. Regulatory compliance is key as well: your business must follow anti‑money‑laundering rules under FINTRAC, and some activities may require Financial Institution Registration. If you plan to use a trade name, you’ll also need New Brunswick Business Name Registration (SNB).
For tax and corporate structure, your BN ties into the registrations you choose based on how you’ll operate. If you’re using a name other than your legal entity, you’ll need SNB; if you form a partnership, you’ll pursue Partnership Registration; or if you incorporate, NB Corporation Registration is needed. You’ll also handle tax registrations: GST/HST Registration if your taxable supplies exceed the threshold (or if you opt to register), and Payroll Deductions Registration if you have employees. Align these registrations with your chosen structure so you’re fully compliant from day one.
You’ve got this—take it step by step. Start with obtaining the BN, then map out the rest of the registrations based on your business structure and plans. Use government portals and, if helpful, a quick advisory consult to tailor the checklist to your exact setup. With a clear plan, you’ll move smoothly from registration to serving clients in Fredericton and be
Detailed Requirements
Here are the specific requirements for starting a international, secondary market, and all other nondepository credit intermediation in Fredericton:
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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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Financial Institution Registration RequiredFinancial institutions must be registered/licensed with federal (OSFI) or provincial (FSRA) regulators depending on incorporation and services offered. OSFI regulates federally incorporated banks, trust companies, insurance companies. Bank Act, Trust and Loan Companies Act, Insurance Companies Act. Provincial alternatives for credit unions. Minimum capital requirements. Governance requirements. Contact OSFI: 1-800-385-8647.
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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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Business Licence RequiredGeneral business licence required to operate a business in City of Fredericton. Apply to City of Fredericton 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 Fredericton Business Licensing for specific requirements. Home-based businesses may have different requirements. Annual renewal required.
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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%)
Funding & Grants
Available funding programs that may apply to your international, secondary market, and all other nondepository credit intermediation:
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The Invest Nova Scotia Payroll Rebate is a negotiated incentive for knowledge-based companies creating at least 20 net new full-time positions in Nova Scotia. The rebate is 5–10% of eligible gross payroll, disbursed annually over a set period (typically up to 5 years), after audited confirmation of job creation. Eligible …
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