2015

Survey on Financing and Growth of Small and Medium Enterprises, 2014

Summary of the results, along with the complete data tables of the Survey on Financing and Growth of Small and Medium Enterprises, 2014.

Cover of the Do Foreign Patent-Protection Rights Promote Domestic RandD Spending? report
Do Foreign Patent-Protection Rights Promote Domestic R&D Spending? Evidence from Canadian Firms

This paper examines the evolving role of intellectual property rights (IPR) in the context of globalization, where research and development incentives of Canadian firms are framed not only by Canadian IPR, but also by the IPR of Canada's export market.

 
Biannual Survey of Suppliers of Business Financing, second half 2014

Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, second half 2014.

Cover of Majority Female-Owned SMEs publication
Majority Female-Owned Small and Medium-Sized Enterprises

Business statistics segmented by gender provide a unique perspective on the attributes of the population of small and medium-sized enterprise (SME) owners. This special edition of Key Small Business Statistics aims to provide readers with a picture of the general distribution of majority female-owned SMEs in Canada.

Cover of the SME Operating Performance report
SME Operating Performance

This report is about financial and operating performance and aims to shed light on how small and medium-sized enterprises (SMEs) generate and protect their money. No matter how much or how little money business owners have, they work hard to earn it and, with a little luck and a lot of devotion, see it grow over time.

Cover of the SME Profile: Tourism Industries in Canada
SME Profile: Tourism Industries in Canada (March 2015)

Using post-recession data, this update of the SME profile, first published in 2011, provides a descriptive overview of SMEs in tourism industries and examines their similarities and differences when compared with SMEs in other industries in terms of business and owner characteristics, access to financing, financing terms and conditions and obstacles to business growth.

Cover of the Requantifying the Rate of Incrementality for the Canada Small Business Financing Program Report
Requantifying the Rate of Incrementality for the Canada Small Business Financing Program (March 2015)

The federal government has put various programs in place to assist SMEs to access financing and, most notably, the Canada Small Business Financing Program (CSBFP). The CSBFP is a loss-sharing program designed to stimulate lending through a joint government / private sector agreement. A perennial question is the extent to which it has assisted businesses to access financing that they would not otherwise have been able to access in the absence of the program. The purpose of this study, therefore, was to quantify the rate of financial incrementality of the CSBFP.

Cover of the Venture Capital Monitor - Q4 2014 issue
Venture Capital Monitor - Q4 2014

This year-end issue covers venture capital (VC) activity from January 2014 to December 2014.

Cover of the SME Profile: Canadian Exporters
SME Profile: Canadian Exporters (January 2015)

This report highlights the distinguishing features of SME exporters compared to non-exporters by examining differences in business and owner characteristics, financing characteristics, international business activities, revenue growth and levels of innovation.

Cover of the Venture Capital Monitor - Q3 2014 issue
Venture Capital Monitor - Q3 2014

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

Cover of the Cost-Benefit Analysis of the Canada Small Business Financing Program report
Cost-Benefit Analysis of the Canada Small Business Financing Program

This study measures the cost of resources devoted to administering the Canada Small Business Financing Program (CSBFP), as well as the direct and indirect economic benefits that result from the program. The report calculates program net benefits/costs and performs a sensitivity analysis to determine the lower and upper bounds of these benefits/costs, which might not otherwise accrue to the economy in the absence of the program.

 
Biannual Survey of Suppliers of Business Financing, first half 2014

Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, first half 2014.

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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