2009

Cover of the Financing Statistics - Dec. 2009 publication
Archived - Financing Statistics - December 2009
(Special Edition: Key Small Business Statistics)

The publication presents various statistics on the financing of Canadian small and medium-sized enterprises; these include the credit request and approval rate, the average value of loan requests and the intended use of financing. Some statistics are presented according to the demographic characteristics of the owners (e.g., women, visible minorities), by province, industry and by firm size.

Cover of the Determinants of Trade Credit Use by Small and Medium-Sized Enterprises in Canada report
Determinants of Trade Credit Use by Small and Medium-Sized Enterprises in Canada

This paper examines the relationship between demand, supply and importance of trade credit, and financing constraints for Canadian small and medium enterprises (SMEs).

Cover of the Credit Condition Survey - 2009 report
Credit Conditions Survey - 2009

The survey was conducted in August and September 2009. The questions focused on financing sought by small enterprises (1 to 100 employees) since August 2008. The answers refer to the 13-month period between August 2008 and September 2009.

Cover of the Financing Innovative Small and Medium-Sized Enterprises in Canada report
Financing Innovative Small and Medium-Sized Enterprises in Canada

This paper examines whether the financing activities and experiences of innovative small and medium-sized (SMEs) in accessing financing are different from those of non-innovative SMEs. This paper also examines whether innovative SMEs face different financing terms and conditions than non-innovative SMEs seeking financing.

Cover of the Venture Capital Monitor - Q2 2009 issue
Archived - Venture Capital Monitor - Q2 2009

This issue presents the Canadian venture capital (VC) investment and fundraising trends in Q2 2009. It also summarizes recent government initiatives related to the support of the VC industry in Canada.

Cover of the Key Small Business Statistics - July 2009 publication
Archived – Key Small Business Statistics - July 2009

Updated sections include data on the number of businesses in Canada, job creation, earnings by business size, the number of self-employed workers, women entrepreneurs as well as innovation by business size.

Cover of the Venture Capital Monitor - Q1 2009 issue
Archived - Venture Capital Monitor - Q1 2009

This issue discusses the trends in venture capital (VC) activity during Q1 2009 and also describes the many VC programs announced by governments during that quarter. It includes an article describing a number of business start-up competitions in Canada and how they can help investment-grade small businesses.

Cover of the Financing Profile: Financing Innovative Small and Medium-Sized Enterprises in Canada
Financing Profile: Financing Innovative Small and Medium-Sized Enterprises in Canada

This profile describes innovative small and medium enterprises (SMEs) along a range of characteristics and examines whether they differ from non-innovative SMEs in terms of access to financing, financing terms and conditions, and obstacles faced in accessing financing.

Cover of the Venture Capital Monitor - Q4 2008 issue
Archived - Venture Capital Monitor - Q4 2008

This year-end issue discusses Canada's venture capital (VC) activity during 2008, a year characterized by declining VC investments across nearly all regions, sectors and types of investors. The feature article highlights the findings of Canada's Venture Capital & Private Equity Association (CVCA) study of the economic impact of VC investment. The "In Focus" article discusses Manitoba's VC industry and diverse technology sectors.

Cover of the Financing Profile: Borrowers under the Canada Small Business Financing Program
Financing Profile: Borrowers under the Canada Small Business Financing Program

This profile compares several characteristics of borrowers under the Canada Small Business Financing Program with small businesses not using the Program. These groups are compared in terms of financing (source and type), including provincial distribution, size, industries and satisfaction with lenders, as observed in 2004.

Cover of the Key Small Business Statistics - Jan. 2009 publication
Archived – Key Small Business Statistics - January 2009

Updated sections include data on the number of businesses in Canada, survival of small businesses, job creation and characteristics of the self-employed.

Cover of the Venture Capital Monitor - Q3 2008 issue
Archived - Venture Capital Monitor - Q3 2008

This issue discusses Canada's venture capital (VC) activity during Q3 2008. It includes an article about InNOVAcorp, a Halifax-based business incubator, and the novel concept — High Performance incubation (HPi) — that applies in supporting technology-based new ventures. An article on Toronto describes the city's technology clusters.

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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