SME Research and Statistics

SME in Canada

  • Definition
    Small:
    1-99 employees;
    Medium:
    100‑499 employees;
    Large:
    500 employees and more;
  • Number of businesses with employees in 2020

    Small:
    1,198,632 (97.9%)
    Medium:
    22,725 (1.86%)
    Large:
    2,936 (0.24%)
    Total:
    1,224,293

    Source: Statistics Canada, Table 33–10–0304–01 Canadian Business Counts, with employees, December 2020.

  • Number of private sector employees in 2020

    Small:
    7,718,900 (67.67%)
    Medium:
    2,352,000 (20.62%)
    Large:
    1,335,400 (11.71%)
    Total:
    11,406,300

    Sources: Statistics Canada, Labour Force Survey (LFS); and calculations by Innovation, Science and Economic Development Canada

  • Contribution to gross domestic product (GDP)

    From 2014 to 2018, the average contribution of  small businesses to GDP was 37.8%, the contribution of medium-sized businesses was 14.1% and the contribution of large businesses was 48.1%.

    Source: KSBS, December 2021