SME Research and Statistics

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SME in Canada

  • Definition
    Small: 1-99 employees;
    Medium: 100‑499 employees;
    Large: 500 employees and more;
  • Number of businesses with employees in 2017
    Small: 1,152,769 (97.9%)
    Medium: 21,926 (1.9%)
    Large: 2,939 (0.2%)
    Total: 1,177,634


    Source: Statistics Canada, Business Register, December 2017
  • Number of private sector employees in 2017
    Small: 8,295,800 (69.7%)
    Medium: 2,371,400 (19.9%)
    Large: 1,228,300 (10.3%)
    Total: 11,895,500


    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 2010 and 2014, small businesses accounted for 38.4% of GDP, while medium-sized businesses accounted for 11.8%.

    Source: KSBS 2019

Latest releases or updates

Key Small Business Statistics

January 2019

Special Edition

Financing Statistics–
November 2013

Determinants of Entrepreneurship in Canada: State of Knowledge Updated:

Contents
Released:

Section 1
Released:

Section 2
Released:

Section 3
Released:

Biannual Survey of Suppliers of Business Financing

2017 Data Survey Results

Survey on Financing and Growth of Small and Medium Enterprises

2017 Data Survey Results

Credit Conditions Survey

2016 Data Survey Results

Analysis

Credit Condition Trends 2009–2016

Venture Capital Monitor
Q4 2014

Financial Performance Data
2013 data

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