2017-11-29
The main purpose of this paper is to present accurate data on the total net employment change for high-growth firms in Canada over the 2009–12 period, in relation to dimensions such as firm age, firm size and industry sector.
2017-09-25
This document presents data on business lending activities gathered from the Statistics Canada Biannual Survey of Suppliers of Business Financing, the Bank of Canada Senior Loan Officer Survey and Business Outlook Survey, and the PayNet Canadian Business Lending Index.
2017-07-28
This analysis highlights the changes and developments in small business credit conditions between 2009 and 2016, and aims to facilitate understanding of credit-market trends for small businesses.
2017-07-28
The Credit Conditions Survey was conducted between January and March of 2017. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2016 calendar year.
This methodological study compares three measures of High-Growth Enterprises (HGEs). Specifically the authors have developed a new definition of HGEs, the Top Decile Approach, and have compared it to two different approaches widely used, the OECD-Eurostat and the U.S. Bureau of Labor Statistics Kink Point.
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