Incorporate Your Business. For more information or to locate a local business centre, contact us at 1-888-576-4444. Many entrepreneurs are looking to start senior care businesses. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/06/Businessman-Planning-Senior-Care-Canada.jpg, Starting a Senior Care Business in Canada, When and How to File a Record of Employment, How to Calculate the True Cost of a New Employee, How to Set Yourself Apart From the Competition as a Senior Accountant, Understanding British Columbia's Tax Benefits for Families With Children. Number of patients 2. Most businesses that make less than $30,000 in any 12-month period are not required to charge HST; however, you can register voluntarily and claim input tax credits. Like most other businesses, there are three ways to get started in senior care. How To Start a senior home care business For Under $900. Aging Population . Search home care in Naperville, in home care services for seniors, and elder care services to see how your competitors are doing. If, on the other hand, your business relies on your staff going into the homes of clients, the amount of services you can provide your customers might be slightly more restricted. Do you want to be your own boss? Contact ServiceOntario:1-866-532-3161LQIP. Start a Non-Medical Home Care Business: Senior Care Business Ideas. If you are running a facility with residential space, and intend for clients to live on the centre’s grounds, you can provide these individuals with a wide variety of activities, transportation services, and access to entertainment and shopping. By bringing assistance, treatment, and companionship to individuals in need of care, senior care businesses can make a serious impact on the overall well-being of elderly individuals. Read on to learn more about top franchise systems that are catering to Canada’s senior population with a wide range of home care and health care services. Apply for a bank loan with the confidence you know your industry inside and out . It is possible to start a non-franchise senior home care business on your own. Most businesses in Ontario need to complete a minimum of three basic steps: Find out what licences and regulations apply to your type of business Choose a business structure and register or incorporate your business Determine if you will need to collect and remit HST Trends & Changes. Please contact your financial or legal advisors for information specific to your situation. Ontario Ministry of Municipal Affairs and Housing, Personal Information Protection and Electronic Documents Act (PIPEDA) - For businesses, Guidance documents published by the Office of the Information and Privacy Commissioner, secondary market research service request, A Guide to Programs and Services for Seniors in Ontario, Canadian Institute for Health Information, Public Health Agency of Canada: Aging and Seniors, Retirement Homes Regulatory Authority: Operator Resources, Canadian Red Cross: Health Equipment Loan Program (HELP), How to Start a Seniors' Care Business in Ontario, Assisted daily living (such as ambulatory care or bathing), Find out what licences and regulations apply to your type of business, Choose a business structure and register or incorporate your business, Determine if you will need to collect and remit HST. Contact the RHRA:1-855-275-7472 (ASK-RHRA)Retirement homes - licensing. Revenue projections for an in home health care company should be relatively straightforward. Contact the Ontario Ministry of Municipal Affairs and Housing:416-585-7041Ontario Ministry of Municipal Affairs and Housing. After all, senior care is a critically important and ever growing field. You'll also want to look at census data to make sure there are enough seniors living in your area that would require in-home care. The service is generally aimed at those who cannot afford a lawyer. Some of the available franchises in Canada include: Your business may need licences and permits from the federal, provincial and municipal levels of government. Seniors and people with complex medical conditions of all ages can often stay in their own homes if they have some support. Follow these steps to incorporate: Consult with an attorney to set up the … The service may be able to assist you in finding a lawyer or paralegal, based on your needs. In addition to the information you will find in this guide, you can use BizPaL to find licences and regulations that may affect your business. Before opening your senior care business in Canada, consider the various elements involved in the process. Comfort Keepers has also seen substantial success, showing a three-year sales growth rate of … Speak with the Canada Revenue Agency (CRA) for more information. IBISWorld Industry Report 62161CA: Home Care Providers in Canada. Depending on your location and the type of products or services being offered, federal, provincial and/or municipal business taxes may apply. Use Innovation Canada’s online search tool to look for programs and services that may apply to your business. For each home-care visit made by a personal support worker (PSW), the company gets $34. Selling online these days is pretty easy. Sell products online. © 2019 Intuit Inc. All rights reserved. Starting a senior home care business requires no formal education or medical training. If you gather personal information from your clients, make sure that you are following the rules of collection, use and disclosure of personal information in Canada: Contact the Office of the Privacy Commissioner of Canada:1-800-282-1376Personal Information Protection and Electronic Documents Act (PIPEDA) - For businesses. The senior population today is over 40 million in the U.S., and expected to double in the next 2 decades. Your interest in starting a home care organization reflects an interest in helping others and supporting the growth of the home care system in Ontario. You can also contact the Law Society of Ontario's Law Society Referral Service if you have legal questions of a business nature. Gonzalez, E. (2018). 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