This profile provides a descriptive overview of SMEs in tourism industries and examines their differences compared with SMEs in non-tourism industries in terms of business and owner characteristics, access to financing, financing terms and conditions and obstacles to business growth.
The Credit Conditions Survey was conducted in May and June 2011. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2010 calendar year.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the second quarter of 2011. It also describes recent government activity by the Business Development Bank of Canada (BDC) and provincial governments in support of VC.
The July 2011 issue updates several sections, including data on the number of businesses in Canada, job creation, firm survival, share of high-growth firms, earnings by business size, the number of self-employed workers as well as the contribution of small businesses to Canada's gross domestic product and to exports.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the first quarter of 2011. It also describes recent federal activity in support of VC.
(Special edition of Key Small Business Statistics)
Includes key statistics on small business exports and profile of SME exporters, their financing activities and perceived obstacles to growth.
Survey of Suppliers of Business Financing - 2009 and 2010
As the development of a new program continues, a shorter version of the survey was administered to a smaller number of units for the collection of 2009 and 2010 data.
This report is based on 14 case studies of individuals who have been working for large companies and who have decided to launch their own companies at midpoint in their career.
This year-end issue covers venture capital investment and fundraising activity in Canada over the whole of 2010. It also summarizes recent government initiatives related to supporting the Canadian VC industry, including the announcement of federal funding for five new Canadian Centres of Excellence for Commercialization and Research.
Fast facts
In 2022, there are 1.22 million SMEs in Canada that have employees.
Source: Key Small Business Statistics
97.8% of businesses in Canada have fewer than 100 employees.
Source: Key Small Business Statistics
Between 2016 and 2020, on average, 101,921 businesses were created every year and 96,548 disappeared.
Source: Key Small Business Statistics
In 2022, private sector SMEs employ around 8 million people in Canada.
Source: Key Small Business Statistics
22% of SMEs operate in goods-producing industries and 78% of SMEs operate in service industries.
Source: Key Small Business Statistics
SMEs were responsible for $293 billion (40.8%) of Canada's total value of goods exports in 2022.
Source: Key Small Business Statistics
2.6% of firms with 10 employees or more were high-growth firms in 2020.
Source: Key Small Business Statistics
SMEs contributed 49% of Canada's GDP in 2020.
Source: Key Small Business Statistics
12.1% of SMEs exported goods and services in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
The likelihood of exporting increases with business size.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
The primary decision maker of 47% of SMEs is between 50 and 64 years old.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
16.8% of SMEs were majority-women owned in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
25% of SMEs are operated by individuals with a bachelor's degree, while 15% are operated by individuals with a master's degree or above.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
28% of SMEs innovated between 2018 and 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
16% of SMEs held intellectual property in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
82% of SMEs requested external financing in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
92% of the amount of debt financing requested by SMEs was authorized.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises
2% of SMEs imported services from outside Canada.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises