Summary of the results, along with the complete data tables of the Survey on Financing and Growth of Small and Medium Enterprises, 2014.
This paper examines the evolving role of intellectual property rights (IPR) in the context of globalization, where research and development incentives of Canadian firms are framed not only by Canadian IPR, but also by the IPR of Canada's export market.
Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, second half 2014.
Business statistics segmented by gender provide a unique perspective on the attributes of the population of small and medium-sized enterprise (SME) owners. This special edition of Key Small Business Statistics aims to provide readers with a picture of the general distribution of majority female-owned SMEs in Canada.
This report is about financial and operating performance and aims to shed light on how small and medium-sized enterprises (SMEs) generate and protect their money. No matter how much or how little money business owners have, they work hard to earn it and, with a little luck and a lot of devotion, see it grow over time.
Using post-recession data, this update of the SME profile, first published in 2011, provides a descriptive overview of SMEs in tourism industries and examines their similarities and differences when compared with SMEs in other industries in terms of business and owner characteristics, access to financing, financing terms and conditions and obstacles to business growth.
The federal government has put various programs in place to assist SMEs to access financing and, most notably, the Canada Small Business Financing Program (CSBFP). The CSBFP is a loss-sharing program designed to stimulate lending through a joint government / private sector agreement. A perennial question is the extent to which it has assisted businesses to access financing that they would not otherwise have been able to access in the absence of the program. The purpose of this study, therefore, was to quantify the rate of financial incrementality of the CSBFP.
This year-end issue covers venture capital (VC) activity from January 2014 to December 2014.
This report highlights the distinguishing features of SME exporters compared to non-exporters by examining differences in business and owner characteristics, financing characteristics, international business activities, revenue growth and levels of innovation.
This issue covers venture capital (VC) investment and fundraising activity in Canada during the third quarter of 2014.
This study measures the cost of resources devoted to administering the Canada Small Business Financing Program (CSBFP), as well as the direct and indirect economic benefits that result from the program. The report calculates program net benefits/costs and performs a sensitivity analysis to determine the lower and upper bounds of these benefits/costs, which might not otherwise accrue to the economy in the absence of the program.
Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, first half 2014.
Fast facts
There are 1.21 million SMEs in Canada that have employees.
Source: Key Small Business Statistics
98% of businesses in Canada have fewer than 100 employees.
Source: Key Small Business Statistics
Between 2015 and 2019, on average, 101,324 businesses were created every year and 90,151 disappeared.
Source: Key Small Business Statistics
Private sector SMEs employ over 10 million people in Canada.
Source: Key Small Business Statistics
21% of SMEs operate in goods-producing industries and 79% of SMEs operate in service industries.
Source: Key Small Business Statistics
SMEs were responsible for $246 billion (43%) of Canada's total value of goods exports in 2021.
Source: Key Small Business Statistics
3.4% of firms with 10 employees or more were high-growth firms in 2019.
Source: Key Small Business Statistics
SMEs contributed 50% of Canada's GDP in 2019.
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