Did you Know? 5 Facts about Co-operatives in Canada

  1. Co-ops are viable corporations formed to address gaps in the marketplace. A co-op is a legally incorporated corporation formed to solve a problem or common need.
  2. Co-ops are accountable and inclusive. A co-operative is jointly owned by its members, and operate with a democratic decision-making structure and a profit-sharing approach.
  3. Co-ops are resilient. According to a 2020 survey, 97% of the co-operatives surveyed indicated they had no intention to sell, transfer or close their business in the next 5 years, as opposed to 75% of all SMEs.
  4. Co-ops are active across Canada in all sectors of the economy including: manufacturing, technology and renewable energy. Visit https://crm.canada.coop/en/map to locate a Co-op in your area or anywhere in Canada.
  5. Co-ops support local economies, keeping money and jobs in the community. In 2021, there were 5,605 non-financial co-operatives in Canada, which generated $55.0 billion in total revenue held $47.3 billion in total assets, employed 100,755 people, and paid $2.7 billion in salaries and wages. Number of co-ops by province and territory were: 40 Territories; 466 British Columbia; 493 Alberta.; 386 Saskatchewan; 246 Manitoba; 1,085; Ontario; 2,503; Quebec; 112 New Brunswick; 183 Nova Scotia; 63 Prince Edward Island; 28 Newfoundland and Labrador

    * Note: All statistics refer to non-financial co-ops