2019

Cover of Key Small Business Statistics — November 2019
Key Small Business Statistics — November 2019
2019-12-10

This edition includes data on the number of businesses in Canada, private sector employment by business size, firm birth and survival rate, the share of high-growth firms, exports of goods by small and medium size enterprises and the contribution by business size to the gross domestic product.

Cover of SME Profile: Financing and Growth of Co-operatives in Canada, 2017
SME Profile: Financing and Growth of Co-operatives in Canada, 2017
2019-11-25

This report summarizes findings from the 2017 Survey on Financing and Growth of Small and Medium-sized Enterprises to offer a snapshot of the financing and growth activities of co-operatives corporations in Canada.

Cover of the Biannual Survey of Suppliers of Business Financing–Data Analysis, second half 2018
Biannual Survey of Suppliers of Business Financing—Data analysis, second half 2018
2019-11-25

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.

Canada Small Business Financing Program: Economic impact analysis – July 2019
Canada Small Business Financing Program: Economic impact analysis (July 2019)
2019-08-02

This analysis quantifies the economic impact of the Canada Small Business Financing Program (CSBFP) on Canadian small and medium-sized enterprises (SMEs). Results indicate that the program continued to positively affect the economic growth of Canadian SMEs from 2014 to 2016.

Cover for the Small Business Credit Condition Trends 2009–18 analysis
Small Business Credit Condition Trends 2009–18
2019-06-19

This analysis highlights the changes and developments in small business credit conditions between 2009 and 2018, and aims to facilitate understanding of credit-market trends for small businesses.

Cover for Credit Condition Survey - 2018
Credit Condition Survey - 2018
2019-06-19

The Credit Conditions Survey was conducted in 2018. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2018 calendar year.

Cover of the report: Canada Small Business Financing Program: Cost-Benefit Analysis – May 2019
Canada Small Business Financing Program: Cost-Benefit Analysis (May 2019)
2019-06-10

This study uses a cost-benefit analysis framework to estimate the net social benefit of the Canada Small Business Financing Program (CSBFP) for the fiscal years 2008–09 to 2016–17. The results suggest the CSBFP continues to provide significant net social benefits, estimated at $3.9 billion over the nine-year evaluation period, with a positive net benefit of $350 million or more in each year.

Cover of the report: Canadian High-Growth SMEs and their Propensity to Invest in R&D and Export (March 2019)
Canadian High-Growth SMEs and their Propensity to Invest in R&D and Export (March 2019)
2019-03-14

This research uses a unique set of survey data on Canadian small and medium-sized enterprises (SMEs), linked with administrative tax data, to explore 1) whether the R&D propensity of SMEs increases with exporting and high-growth, and 2) whether the export propensity of SMEs increases with R&D and high-growth.

Cover of the report: Key Small Business Statistics (January 2019)
Key Small Business Statistics (January 2019)
2019-01-31

This edition includes data on the number of businesses in Canada, private sector employment by business size, firm birth and survival rate, the share of high-growth firms, exports of goods by small and medium size enterprises and the contribution by business size to the gross domestic product.

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