How do I start a towing company in Ontario?

How do I start a towing business in Ontario?

Start a towing company by following these 10 steps:

  1. STEP 1: Plan your business. …
  2. STEP 2: Form a legal entity. …
  3. STEP 3: Register for taxes. …
  4. STEP 4: Open a business bank account & credit card. …
  5. STEP 5: Set up business accounting. …
  6. STEP 6: Obtain necessary permits and licenses. …
  7. STEP 7: Get business insurance.

How much does it cost to start your own towing company?

The tow truck business start up costs are higher than other business types, anywhere from $150,000 to over $1 million. This is due mostly to the initial investment in towing equipment.

How much is a tow truck license in Ontario?

Licence fees

Type of fee Price
Initial non-refundable licence fee (HST exempt) $17.50
Balance of licence fee (HST exempt) $157.50
Search of your Province of Ontario drivers record (if provided by the City) $12
Copy of Tow Truck Licensing By-law 521-04, as amended (if provided by the City) $25

What do I need to get a towing license?

Follow these steps to become a tow truck driver:

  1. Meet age requirements. Tow truck drivers must be at least 18 years old.
  2. Hold a valid license. …
  3. Maintain a clean driving record. …
  4. Pass a background check. …
  5. Complete a drug screening. …
  6. Pass a physical ability test. …
  7. Pass a vision exam. …
  8. Obtain your commercial driver’s license (CDL)
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Is a towing business profitable?

Typical Profits

Tow truck charges an average of $120 per tow, which may include both a flat fee and mileage charge. … The average storage fee is in the tune of $20 per day. The average towing business owners make anywhere between $30,000 and $100,000 annually.

How much do tow trucks charge?

Tow truck prices depend on many different factors. Still, you can usually expect to spend a minimum of $110 to $300 as a base price. Tow truck cost and vehicle towing rates vary depending on your location. Tow trucks generally do not charge by the hour.

How do I start a successful towing business?

7 tips for running a successful tow truck business

  1. Put safety first. …
  2. Create an employee handbook to outline your workplace safety policies. …
  3. Be careful when you’re hiring tow truck drivers. …
  4. Train your drivers. …
  5. Set up a pre-trip vehicle inspection procedure. …
  6. Establish a preventive maintenance program.

What license do I need to drive a tow truck in Ontario?

You must have a valid driver’s licence (Class G1, G2 or G) or higher class of licence to tow a trailer with a gross vehicle weight of up to 4,600 kilograms.

How do I become a tow truck driver in Canada?

How To Become An Expert Tow Truck Driver In Canada

  1. Possessing a clean driving license.
  2. Completing a comprehensive application process.
  3. Passing driving tests for skills assessment.
  4. Undertaking training on basic vehicle maintenance tasks.
  5. Becoming familiar with road maps in your area.

Is it illegal to tow a car with another car in Ontario?

“trailer means a vehicle that is at any time drawn upon a highway by a motor vehicle, except an implement of husbandry, a mobile home another motor vehicle or any device or apparatous not designed to transport persons or property…” You can tow a car with a car or truck as long as the towed vehicle has a properly …

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