2023

Firm-size wage gaps and hierarchy: Evidence from Canada

2023-10-04

The report investigates the role of hierarchy in explaining the wage differential between large and small firms in Canada. The study uses the confidential-use files of the Labour Force Survey (LFS) from 2016 to 2022 and exploits the mini-panels form to control for time-invariant unobserved heterogeneity.

 

Credit Conditions Survey - 2022

2023-08-21

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 2022 CCS.

 

Small Business Credit Condition Trends, 2009-2022

2023-08-21

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 2022 CCS.

 

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

2023-06-28

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: Rural enterprises in Canada

2023-06-07

This report presents results from the 2020 Survey on Financing and Growth of Small and Medium Enterprises to offer a snapshot of the financing and growth activities of small and medium-sized enterprises (SMEs) that operate in rural areas of Canada.

 

SME Profile: Canada Small Business Financing Program borrowers

2023-03-31

This report profiles the general characteristics of Canada Small Business Financing Program (CSBFP) borrowers, and compares them to the characteristics of non-CSBFP borrowers. These groups are compared across several characteristics, including, but not limited to gender, age, experience, industry, innovation activity, growth and financing activity.

 

SME Profile: Clean technology in Canada

2023-03-24

This report presents results from the 2020 Survey on Financing and Growth of Small and Medium Enterprises to offer a glimpse into the financing and growth activities of clean technology (clean tech) small and medium-sized enterprises (SMEs) in Canada. These findings, which include statistics on the firm characteristics, financing, growth activities and ownership of clean tech SMEs, are compared with those of all SMEs.

 

SME Profile: Co-operatives in Canada

2023-03-10

This profile presents comparisons between co-operatives and small and medium-sized enterprises (SMEs) based on the Survey on Financing and Growth of Small and Medium Enterprises (SFGSME).

 

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

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