2019

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)
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.

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.

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

There are 1.2 million SMEs in Canada that have employees.

Source: Key Small Business Statistics

98 percent of businesses in Canada have fewer than 100 employees.

Source: Key Small Business Statistics

Over 78,000 new SMEs were created in Canada in 2013.

Source: Key Small Business Statistics

Over 10 million people in Canada work for a SMEs.

Source: Key Small Business Statistics

22 percent of SMEs operate in goods-producing industries. 78 percent of SMEs operate in service industries.

Source: Key Small Business Statistics

11.8 percent of SMEs exported goods and services in 2014

Source: Key Small Business Statistics

SMEs were responsible for $106 billion (25 percent) of Canada's total value, of exports in 2013.

Source: Key Small Business Statistics

Export intensity (percentage of revenues derived from exporting) falls as firms get larger.

Source: Canadian Small Business Exporters, Special Edition: Key Small Business Statistics

SMEs contribute 39 percent to Canada's GDP in 2008.

Source: Statistics Canada

Since 2011, more SMEs are died than born every year.

Source: Statistics Canada, Entrepreneurship Indicators Database.

The likelihood of exporting increases with business size.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

48 percent of all SME owners are between 50 and 64 years old.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

15.7 percent of SMEs were majority-female owned in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

24 percent of SME owners have a bachelor's degree and 14 percent have a master's or above.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

42 percent of SMEs innovated between 2012 and 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

21 percent of SMEs held some type of intellectual property in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

Only 51 percent of SMEs requested external financing in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

About 86 percent of the amount of debt financing requested by SMEs was authorized.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

26 percent of SMEs imported goods or services in 2011.

Source: 2011 Survey on Financing and Growth of Small and Medium Enterprises

3.2 percent of SMEs outsourced business activities from outside of Canada.

Source: 2011 Survey on Financing and Growth of Small and Medium Enterprises

3 hours per month is the average time spent by an SME complying with government regulations.

Source: SME Regulatory Compliance Cost Report–September 2013

The cost of regulatory compliance fell from 0.81 percent of SME GDP in 2005 to 0.75 percent in 2011.

Source: SME Regulatory Compliance Cost Report–September 2013

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