Launch Your Open-End Investment Funds in Regina Today
Planning to launch an Open-End Investment Funds business in Regina? This page is your practical guide for NAICS 525910. We break down the 10 requirements you must meet before you can operate, from regulatory registrations and permits to initial capital considerations. You'll get a clear overview of what approvals you need, the costs to budget, and a realistic timeline to move from idea to launch.
Close-up on what you'll learn: the exact scope of each requirement, the permits and registrations required by Saskatchewan regulators and federal securities rules, and how ongoing compliance works (reporting, disclosures, governance). You'll also see a phased timeline and practical tips to speed up the process, plus a simple checklist you can track against the 10 key items.
Regina's vibrant business environment makes it a strong fit for fund startups, with supportive local regulators, access to Western Canadian markets, and a skilled workforce. The combination of a clear regulatory path and a growing financial services sector helps you navigate costs, permits, and timelines more smoothly.
Requirements Overview
The most critical requirement for operating a business in Regina is the Trust Company License. This license is a legal must to run a fund or trust operation here, and you cannot legally start or operate without it. Without this license, you cannot offer or manage investments. Once this is in place, you’ll handle other registrations and ongoing compliance to stay within the law.
Mandatory Operational Requirements cover day-to-day running, including health and safety and necessary permits. In Saskatchewan, you must register for workers’ compensation (Saskatchewan WCB) as an employer to cover work injuries. You’ll also follow Anti-Money Laundering (Securities) rules to keep funds and clients safe and maintain compliant operations. These items are non-negotiable and must be built into your plan from the start.
Business Registration & Tax: Get the necessary registrations and numbers to operate legally and file taxes. Saskatchewan Business Name Registration (ISC) ensures your trade name is on record. The Business Number (BN) registration with CRA is your single identifier for tax accounts. Depending on structure, you may need Saskatchewan Corporation Registration or Partnership Registration. You’ll also need GST/HST Registration and Payroll Deductions Registration.
Next steps and encouragement: Start by confirming the Trust Company License path with regulators, then map out your legal structure (corporation vs partnership) and register your business name with ISC. Set up your BN with the CRA, arrange WCB coverage, AML controls, and tax registrations, and prepare systems for payroll and GST. With a clear plan and professional support, you’ll move from idea to compliant operation steadily.
Detailed Requirements
Here are the specific requirements for starting a open-end investment funds in Regina:
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Business Licence RequiredGeneral business licence required to operate a business in City of Regina. Apply to City of Regina 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 Regina Business Licensing for specific requirements. Home-based businesses may have different requirements. Annual renewal required.
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Saskatchewan Business Name Registration (ISC) RequiredBusinesses in Saskatchewan operating under a name other than the owner's legal name must register with Corporate Registry. This applies to sole proprietorships, partnerships, and business names for corporations. Registration provides legal recognition and is required for business operations, banking, and licensing. Registration can be completed online through Corporate Registry. Business name registrations must be renewed every 5 years for sole proprietorships and partnerships. Register with ISC (Information Services Corporation) for business name. Required for sole proprietorships with trade name, partnerships. $65 registration fee, $60 renewal. Name reservation valid 90 days. Online registration also registers with Ministry of Finance and CRA.
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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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Trust Company License RequiredTrust companies must be licensed by federal (OSFI) or provincial regulators and comply with fiduciary standards, capital requirements, and trust administration rules. OSFI Trust and Loan Companies Act licensing. Federal trust company charter. Capital requirements. Contact OSFI: 1-800-385-8647.
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Partnership Registration ConditionalRequired for partnerships. Registration of partnerships in Saskatchewan. Register partnership with ISC: 1. Complete partnership registration form 2. Submit through ISC 3. Pay registration fees General and limited partnerships. Annual return may be required.
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Anti-Money Laundering (Securities) ConditionalRequired for securities activities. Securities dealers and fund managers must implement AML/ATF programs, conduct client identification and verification, report suspicious transactions to FINTRAC, and maintain compliance. FINTRAC registration and AML/ATF compliance for securities dealers. Know Your Client (KYC). Customer Due Diligence (CDD). Suspicious Transaction Reporting. Annual review. Training requirements. Contact FINTRAC: 1-866-346-8722.
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Saskatchewan WCB Employer Registration ConditionalRequired if you have employees in Saskatchewan. Employers in Saskatchewan must register with the Workers' Compensation Board (WCB) and maintain coverage for workers. WCB provides insurance for workplace injuries and occupational diseases. Most employers are required to register, with some exceptions for specific industries and self-employed individuals. Registration should occur before hiring the first worker or commencing operations. Employers pay premiums based on their industry classification rate and assessable payroll. Register with Saskatchewan WCB for workers compensation coverage. Required for employers in mandatory industries. 2024 average premium rate $1.28 per $100 payroll. Maximum assessable earnings $104,531. Directors on T4 excluded from 2025.
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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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Saskatchewan Corporation Registration ConditionalRequired if incorporating in Saskatchewan. Incorporation of a company under Saskatchewan law. Incorporate through ISC Corporate Registry: 1. Conduct NUANS name search 2. Prepare articles of incorporation 3. Submit through ISC online or registry 4. Pay incorporation fees Annual return required. Federal incorporation is alternative option.
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