SME Research and Statistics

Resources for Canadian Businesses

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Latest report releases

SME in Canada

  • Definition
    Small: 1-99 employees;
    Medium: 100‑499 employees;
    Large: 500 employees and more;
  • Number of businesses with employees in 2019
    Small: 1,200,571 (97.9%)
    Medium: 22,905 (1.9%)
    Large: 2,978 (0.2%)
    Total: 1,226,454

    Source: Statistics Canada, Business Register, December 2019
  • Number of private sector employees in 2019
    Small: 8,459,593 (68.8%)
    Medium: 2,428,356 (19.4%)
    Large: 1,415,550 (11.5%)
    Total: 12,303,499

    Sources: Statistics Canada, Labour Force Survey (LFS); and calculations by Innovation, Science and Economic Development Canada
  • Debt financing requests by SMEs in 2017
    Request rate: 25.6%
    Approval rate: 86.6%

    Source:Survey on Financing and Growth of SMEs, 2017
  • Contribution to gross domestic product (GDP)

    Between 2011 and 2015, small businesses accounted for 40.6% of GDP, while medium-sized businesses accounted for 12.7%.

    Source: KSBS, November 2019

Latest releases or updates

Key Small Business Statistics

November 2019

Special Edition

Financing Statistics–
November 2013

Determinants of entrepreneurship in Canada: State of knowledge Updated:


Section 1

Section 2

Section 3

Biannual survey of suppliers of business financing

2019 Data Survey Results

Survey on financing and growth of small and medium enterprises

2017 Data survey results

Credit conditions survey

2018 Data survey results


Credit condition trends 2009–2018

Venture Capital monitor
Q4 2014

Financial performance data
2013 data

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