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2017

The Contribution to Canadian Net Employment Change by High-Growth Firms, December 2017
The Contribution to Canadian Net Employment Change by High-Growth Firms, December 2017
2017-11-29

The main purpose of this paper is to present accurate data on the total net employment change for high-growth firms in Canada over the 2009–12 period, in relation to dimensions such as firm age, firm size and industry sector.

Biannual Survey of Suppliers of Business Financing—Data analysis, second half 2016
2017-09-25

This document presents data on business lending activities gathered from the Statistics Canada Biannual Survey of Suppliers of Business Financing, the Bank of Canada Senior Loan Officer Survey and Business Outlook Survey, and the PayNet Canadian Business Lending Index.

Small Business Credit Condition Trends 2009–16
2017-07-28

This analysis highlights the changes and developments in small business credit conditions between 2009 and 2016, and aims to facilitate understanding of credit-market trends for small businesses.

Credit Condition Survey - 2016
2017-07-28

The Credit Conditions Survey was conducted between January and March of 2017. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2016 calendar year.

Cover of the report: Comparing Different Measures of High-Growth Enterprises: A Canadian Case Study, February 2017
Comparing Different Measures of High-Growth Enterprises: A Canadian Case Study

This methodological study compares three measures of High-Growth Enterprises (HGEs). Specifically the authors have developed a new definition of HGEs, the Top Decile Approach, and have compared it to two different approaches widely used, the OECD-Eurostat and the U.S. Bureau of Labor Statistics Kink Point.

Fast facts

There are 1.23 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

Between 2013 and 2017, on average, 96,580 businesses were created every year and 90,600 disappeared.
Source: Key Small Business Statistics

Private sector SMEs employ over 10 million people in Canada.
Source: Key Small Business Statistics

21 percent of SMEs operate in goods-producing industries and 79 percent of SMEs operate in service industries.
Source: Key Small Business Statistics

SMEs were responsible for $216 billion (41 percent) of Canada's total value of goods exports in 2019.
Source: Key Small Business Statistics

3.2 percent of firms with 10 employees or more were high-growth firms in 2017.
Source: Key Small Business Statistics

SMEs contributed 55 percent of Canada's GDP in 2016.
Source: Key Small Business Statistics

11.7 percent of SMEs exported goods and services in 2017.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

The likelihood of exporting increases with business size.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

47 percent of all SME owners are between 50 and 64 years old.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

15.6 percent of SMEs were majority-female owned in 2017.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

26 percent of SMEs are operated by individuals with a bachelor's degree, while 15 percent are operated by individuals with a master's degree or above.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

31 percent of SMEs innovated between 2015 and 2017.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

27 percent of SMEs held intellectual property in 2017.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

47 percent of SMEs requested external financing in 2017.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

93 percent of the amount of debt financing requested by SMEs was authorized.
Source: 2017 Survey on Financing and Growth of Small and Medium Enterprises

4 percent of SMEs Imported services from outside Canada.
Source: 2017 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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