2014

CSBFP: Updated and Extended Economic Impact Analysis Cover
Canada Small Business Financing Program: Updated and Extended Economic Impact Analysis

This report examines the extent to which participation in the Canada Small Business Financing Program (CSBFP) impacts areas such as growth in revenue, employment, profits, salary, labour productivity, firm viability and investment in R&D. The report also compares the performance of CSBFP borrowers to the small and medium-sized population as a whole, as well as to denied borrowers.

Cover of the Venture Capital Monitor - Q2 2014 issue
Venture Capital Monitor - Q2 2014

This issue covers venture capital (VC) investment and fundraising activity in Canada during the second quarter of 2014.

Cover of the Growth or Profitability First report
Growth or Profitability First?: The Case of Small and Medium-Sized Enterprises in Canada

This study examine the relationship between a firm's growth and profitability for the period from 2006 to 2011. Among others, the study shows that human capital is a determining factor as it plays a positive role in a firm achieving superior performance in both growth and profitability.

Cover of the Credit Condition Trends 2009-2013 analysis
Credit Condition Trends 2009–2013

This analysis highlights the changes and developments in small business credit conditions between 2009 and 2013, and aims to facilitate understanding of credit-market trends for small businesses.

Cover of the Credit Conditions Survey - 2013
Credit Conditions Survey - 2013

The Credit Conditions Survey was conducted between January and March 2014. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2013 calendar year.

Cover of the Venture Capital Monitor - Q1 2014 issue
Venture Capital Monitor - Q1 2014

This issue covers venture capital (VC) investment and fundraising activity in Canada during the first quarter of 2014.

Biannual Survey of Suppliers of Business Financing, second half 2013

Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, second half 2013.

Cover of the Business Development Bank of Canada, 10-Year Legislative Review: 2001-2010 Report
Business Development Bank of Canada, 10-Year Legislative Review: 2001-2010

This report examines the economic forces that have affected small and medium-sized enterprises (SMEs) over the review period. It assesses how the BDC has responded to the changing needs of its clients and to government priorities.

Cover of the Venture Capital Monitor - Q4 2013 issue
Venture Capital Monitor - Q4 2013

This year-end issue covers venture capital (VC) activity from January 2013 to December 2013.

Cover of the Cyclicality of SME Financing in Canada report
Cyclicality of SME Financing in Canada

This paper quantifies and assesses the relationship between the business cycle, as measured by the output gap, and chartered bank loans to small, medium-sized and large businesses using aggregate data from the Bank of Canada's Banking and Financial Statistics Database combined with National Account and financial market data covering the 1988 to 2012 period.

Cover of the Venture Capital Monitor - Q3 2013 issue
Venture Capital Monitor - Q3 2013

This issue covers venture capital (VC) investment and fundraising activity in Canada during the third quarter of 2013. It also describes recent government activity in the VC market.

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