2022

SME Profile: Recipients of the Canada Emergency Business Account

SME Profile: Recipients of the Canada Emergency Business Account
2022-12-30

This report presents a business profile of small and medium-sized enterprises that received loans from the Canada Emergency Business Account (CEBA) in 2020. The data used in the report is from the 2020 Survey on Financing and Growth of Small and Medium Enterprises.

 
Biannual Survey of Suppliers of Business Financing — Data analysis, first half 2022

Biannual Survey of Suppliers of Business Financing — Data analysis, first half 2022
2022-12-16

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.

 
Key Small Business Statistics 2022

Key Small Business Statistics 2022
2022-11-29

Key Small Business Statistics 2022 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-sized enterprises and the contribution by business size to the gross domestic product.

 
Untangling the seed and early stage funding environment in Canada

Untangling the seed and early stage funding environment in Canada
2022-09-29

This report examines the key characteristics of small and medium-sized enterprises (SMEs) receiving seed capital from private sources (e.g., angel and venture capital) or government grants. It analyzes interlinkages between different forms of support and estimates the effect of risk capital support on the performance of recipient businesses.

 
Credit Conditions Survey

Credit Conditions Survey
2022-09-14

Small Business Branch monitors small businesses' access to financing based on the Credit Conditions Survey (CCS) and the Small Business Credit Condition Trends incorporates data from the 2021 CCS.

 
Small Business Credit Condition Trends 2009–2021

Small Business Credit Condition Trends 2009–2021
2022-09-14

Small Business Branch monitors small businesses' access to financing based on the Credit Conditions Survey (CCS) and the Small Business Credit Condition Trends incorporates data from the 2021 CCS.

 
SME Profile: Tourism Industries in Canada

SME Profile: Tourism Industries in Canada
2022-08-22

This report contains a summary of key findings for Canada's tourism sector from the 2020 Survey on Financing and Growth of Small and Medium Enterprises, and analysis on employment and financial performance from Statistics Canada's Provincial-Territorial Human Resources Module of the Tourism Satellite Account and ISED's Financial Performance Data, respectively. It provides an overview of business characteristics, innovation activities, and recent financing activities of Canadian small and medium-sized enterprises (SME) in tourism industries in comparison with Canadian SMEs in all industries.

 
SME Profile: Ownership demographics statistics

SME Profile: Ownership demographics statistics
2022-08-10

This report, based on data collected in the 2020 Survey on Financing and Growth of Small and Medium Enterprises, presents demographic statistics for seven SME majority ownership types: SMEs majority owned by men, equally owned by men and women, majority owned by women, majority owned by Indigenous persons, majority owned by visible minorities, majority owned by person(s) with a disability and majority owned by members of the same family.

 
Biannual Survey of Suppliers of Business Financing — Data analysis, second half 2021
Biannual Survey of Suppliers of Business Financing — Data analysis, second half 2021
2022-06-22

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.

 
SME Profile: Social Enterprises in Canada
SME Profile: Social Enterprises in Canada
2022-03-31

This report presents findings from the 2017 Survey on Financing and Growth of Small and Medium Enterprises to offer the first-ever snapshot of the financing and growth activities of small and medium social enterprises in Canada. These findings, which include statistics on the firm characteristics, financing, growth activities and ownership of small and medium not-for-profit and for-profit social enterprises, are compared with those of co-operatives and of all SMEs.

 
Survey on Financing and Growth of Small and Medium Enterprises, 2020
Survey on Financing and Growth of Small and Medium Enterprises, 2020
2022-03-11

The Survey on Financing and Growth of Small and Medium Enterprises collects information on the types of financing used by small and medium-sized enterprises (SMEs) and on recent attempts by SMEs to obtain new financing. In addition, the survey gathers data on SMEs' growth, on activities related to growth, and on business owner characteristics.

 

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