What are the requirements for starting a business in Canada?

To start a business in Canada, you need to: identify a viable business idea, conduct market research, create a business plan, choose a legal structure (sole proprietorship, partnership, corporation), register your business with the appropriate authorities, obtain necessary licenses and permits, set up a business bank account, and understand tax obligations. Also, consider securing financing, developing a marketing strategy, and possibly purchasing business insurance to protect against risks. Compliance with federal, provincial, and local regulations is crucial.