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Detailed Requirements

Here are the specific requirements for starting a offices of real estate agents and brokers in Moncton:

• Business Licence Required
  General 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.
• Business Number (BN) Registration Required
  A 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).
• FINTRAC Reporting Entity Registration Required
  Businesses engaged in financial activities must register with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a reporting entity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Register with FINTRAC if you are a Money Services Business (MSB) or reporting entity: 1. Visit fintrac-canafe.canada.ca before beginning operations 2. Required for: MSBs, banks, credit unions, insurance, accountants, real estate, casinos 3. Submit registration form via secure Canada Post Connect 4. Need: Business info, criminal record checks (issued within 6 months) 5. Keep registration current and renew as required 6. Changes to business info must be reported within 30 days Recent changes: Title insurers, payment providers, crowdfunding now included
• New Brunswick Business Name Registration (SNB) Required
  Businesses 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
• Partnership Registration Conditional
  Required 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.
• NB Corporation Registration Conditional
  Required 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.
• GST/HST Registration Conditional
  Required 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.
• Payroll Deductions Registration Conditional
  Required 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.
• Anti-Money Laundering Compliance Program Conditional
  Required for FINTRAC reporting entities: MSBs, banks, insurance, real estate, accountants, casinos. Implementation of a comprehensive AML/ATF compliance program including customer identification, record keeping, suspicious transaction reporting, and staff training. Establish AML/ATF Compliance Program under PCMLTFA: 1. Appoint a Compliance Officer responsible for program 2. Develop written policies and procedures for: - Customer identification and verification (KYC) - Record-keeping (5-year retention) - Suspicious transaction reporting to FINTRAC - Risk assessment and ongoing monitoring 3. Implement staff training program 4. Conduct independent effectiveness review every 2 years 5. Report listed persons/entities property to FINTRAC Details at fintrac-canafe.canada.ca/guidance-directives
• New Brunswick WorkSafeNB Employer Coverage Conditional
  Required 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%)
• Province of New Brunswick Professional Liability Insurance Recommended
  Regulated professionals must maintain professional liability (errors & omissions) insurance as required by their professional regulatory body. Not provincially mandated but STRONGLY RECOMMENDED for professional services: - Errors & Omissions (E&O) / Professional Liability: Covers negligence claims - General Liability: Min $1M-2M coverage, covers bodily injury/property damage - Required by many clients, landlords, and professional associations - Get quotes from commercial insurance brokers or professional associations - Some professions (lawyers, accountants, health practitioners) have MANDATORY coverage through their regulatory college

Funding & Grants

Available funding programs that may apply to your offices of real estate agents and brokers:

• MLI Select is Canada Mortgage and Housing Corporation's multi-unit mortgage loan insurance product that uses a points-based scoring system to offer enhanced financing terms to borrowers who commit to affordability, accessibility, and/or energy-efficiency outcomes. Projects earn points across three pillars — affordability (rents at 30% of median regional renter income), …
• The Housing Accelerator Fund is a $4.4 billion CMHC initiative running to 2027–28 that provides non-repayable contributions to local governments. Funding is calculated per projected new housing unit enabled by the applicant's action plan, with per-unit amounts varying by housing type (approx. $12,000–$20,000+ per unit). Payments are delivered in four …
• $300M program that ran five competitive rounds (2019-2025) through Impact Canada and CMHC, each targeting different supply barriers. Round 5 (Level-Up, $65M) focused on transforming housing production at scale via skill enhancement, automation, and supply chain improvements. All five rounds are now completed with prize recipients announced.
• The $1.5B CHDP provides up to 100% of project costs via forgivable loans (up to 1/3 of costs, forgiven over 20 years) and repayable loans (up to 2/3 of costs, amortized up to 50 years at below-market rates). First intake ran July–September 2024; additional rounds planned through 2027. Third intake …
• The FLI is a $318.9M fund that makes surplus federal properties available to eligible housing providers at below-market or no cost. The level of discount depends on social outcomes committed to in the approved proposal. Over 90 properties are listed on the Canada Public Land Bank. Budget 2024 added $112.6M …

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