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Fast Facts

There are 1.1 million small businesses 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 150,000 new small businesses were created in Canada. (2008-2010)

Source: Key Small Business Statistics

Small businesses contribute 30 percent to Canada's GDP.

Source: Key Small Business Statistics

8 million people in Canada work for a small business.

Source: Key Small Business Statistics

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

Source: Key Small Business Statistics

90 percent of Canadian exporters are small businesses.

Source: Key Small Business Statistics

Small businesses were responsible for $77 billion (25 percent) of Canada's total value, of exports in 2010.

Source: Key Small Business Statistics

39 percent of all SME owners are between 30 and 49 years old.

Source: Key Small Business Statistics

The likelihood of exporting increases with business size.

Source: Canadian Small Business Exporters, Special Edition: 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

10 percent of SMEs exported goods and services in 2011.

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

15.5 percent of SMEs were majority-female owned in 2011.

Source: 2011 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

22 percent of SME owners have a bachelor's degree and 13 percent have a master's or above.

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

38 percent of SMEs innovated between 2009 and 2011.

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

16 percent of SMEs held some type of intellectual property in 2011.

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

More Canadian firms are born than die every year.

Source: The State of Entrepreneurship

Majority of Canadian businesses survive their first five years of operation.

Source: The State of Entrepreneurship

Roughly 1 in 15 working Canadians owns an incorporated business.

Source: The State of Entrepreneurship

Only 25 percent of small businesses seek financing.

Source: Small Business Access to Financing: Request and Approval Rates, Interest Rates and Collateral Requirements (2000-2010)

About 86 percent of debt financing requests are approved.

Source: Small Business Access to Financing: Request and Approval Rates, Interest Rates and Collateral Requirements (2000-2010)

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