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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