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A Guide to Start a Homestay Business in Canada
Having the Samuel de Champlain Statue, Niagara Falls and Lake Louise being some of the most popular attractions of Canada, it has become one of the most choose and top country among people. Canada is not only a multiculturalism country but it has different traditions, regions, sports and tribes which attracts people from all over the world. If you are the one who want the people to address these things then you should start a homestay business. Well, no worry, as we will, in this article, will focus on the same.
Why Canada is a Best Option to Start Homestay Business?
As some of you may be excited to start a homestay business but there would be some who would be curious but also worried at the same time as why they should start a homestay business in Canada.
Not only the tourism sector of Canada is expanding but the cultural diversity, attractive places and the safety and security are some of the key factors which forces you to think about starting a homestay business there. As the immigration is on the top list, government of Canada also support this business.
Last but not the least, you can earn a very good amount of income by starting this business as the cost of starting it will not affect you much. These are some of the reasons on which you can give your thought on to start a homestay business.
How to Start a Homestay Business in Canada?
Starting a homestay business in Canada requires careful planning and execution along with many other things. In this section, we will discuss the same. Following are some of the steps which you need to follow and address if want to start a homestay business in Canada.
Step 1: Research and Planning
From identifying the targeted and popular places or destinations having the high chance of tourist population to planning out the business structure and budget is the first step to consider. Remember that the success of your homestay business firstly depends on your location.
Step 2: Register Your Business
After you have found your perfect location, then register your business with Canada Revenue Agency (CRA) for GST/HST. Obtain necessary licenses, documents and permits including business license, health permit, etc. Other than this, you must obtain the liability insurance as well to protect you from any financial loss due to any lawsuit.
Step 3: Prepare Your HomestayÂ
It is the time to kickstart your homestay decoration and furnishing procedure. From renovation and furnishing to maintaining your homestay would be your priority. Ensure to provide all the basic but important facilities and amenities including kitchen, bathroom, Wi-Fi and other things.
Step 4: Market Your Homestay Online PresenceÂ
From listing your homestay on the websites including Airbnb, Canada Homestay Network (CHN) along with some local tourism ones, market your business in both; offline and online means. Collaborate with some of the travel agencies and offer discounts and promotions to attract the customers can be beneficial for you.
Step 5: Operation and ManagementÂ
Managing your business is one of the key factors which can decide your success. Just starting the homestay does not limit you but you have to do the operation and management tasks as well. From creating the house rules, managing the transportation and meals to bookings and queries would be your challenging task.
Required Documents
For the documents, you are required to show the business license, GST/HST registration certificate, liability insurance, health department certificate and police clearance certificate (for hosting minors).
Government Regulations
For starting a homestay business in Canada, you must need to follow the government rules and regulations to avoid any dispute. From following the Immigration, Refugees and Citizenship Canada (IRCC) guidelines and Canada Revenue Agency (CRA) tax regulations to local municipal bylaws, it is a must to take care of the little things.
The Conclusion!
Starting a homestay business requires needful preparation, consistency, planning and execution along with patience. You must consult and consider local authorities and experts to ensure the availability of all things. You can also take guidance and help from local tourism boards, Canada Homestay Network (CHN) and small business BC (British Columbia).
Read More :Â What is the concept of Homestay? Is homestay a good option?
