Simple Question - Sole Proprietorship Business w/Private Health Services Plan (PHSP)
I have a sole proprietorship business and registered with CRA. However in Ontario my business has a registered business name (trade/operating name). Within the CRA "My Business" website it shows my sole proprietorship business name is my actual personal name not my "Business Name" (operating name). Howver i decided to add my actual business name within the site under "Operating Name".
Ok, so when dealing with a PHSP they require me to send cheques to them from my business bank account.
So my question, do i send cheques from my personal bank account since it seems CRA regards sole propr. business in my personal name? Or do i send cheques from my actual business bank account which i have and uses my actual business/operating name that i registered here in Ontario?
I was thinking since CRA shows "Business Name: {my personal name here}" i should just send cheques to my PHSP from my personal bank account not my actual business bank account which uses my actual business name.
Which is the correct corse of action? All my PHSP says after calling them is to send cheques using my business account but doesnt make it clear which account that is since CRA shows my business is in my personal name but my actual business bank account is separate from my personal.
Ok, so when dealing with a PHSP they require me to send cheques to them from my business bank account.
So my question, do i send cheques from my personal bank account since it seems CRA regards sole propr. business in my personal name? Or do i send cheques from my actual business bank account which i have and uses my actual business/operating name that i registered here in Ontario?
I was thinking since CRA shows "Business Name: {my personal name here}" i should just send cheques to my PHSP from my personal bank account not my actual business bank account which uses my actual business name.
Which is the correct corse of action? All my PHSP says after calling them is to send cheques using my business account but doesnt make it clear which account that is since CRA shows my business is in my personal name but my actual business bank account is separate from my personal.