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Ten Canadian entrepreneurship facts

By Samantha Garner | June 15, 2013

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This may come as no surprise, but we love Canadian entrepreneurship. We’ve compiled a list of cool facts about small business in our fair country.

Note: Check out an updated post with newer statistics here.

Did you know:

  • Every year in Canada, an average of 130,000 new small businesses are created – but only 35% survive five years.
  • Ninety-eight percent of Canadian businesses have fewer than 100 employees, 55% have fewer than four, and 75% of all businesses in the country have fewer than 10.
  • There are over 900,000 female entrepreneurs in Canada, making up a larger share of the self-employed than in any other country.
  • Over 40% of Canadians say that starting a company or being self-employed would be the most rewarding career path for them.
  • The number of immigrants active in starting or running a company is some 60% higher compared to first- or second-generation Canadians.
  • Small businesses account for between 60 and 80% of all jobs created in Canada.
  • Almost 60% of all small business owners in Canada consider themselves “lifestyle entrepreneurs” who use their business as a means of generating income to support other commitments or lifestyle choices.
  • Canadian small and medium enterprises invest in Research and Development (R&D) proportionally on a greater scale than big corporations.
  • On average, small businesses with fewer than 100 employees contribute about 51% to Canada’s GDP.
  • Studies show that entrepreneurs with education in entrepreneurship, or previous entrepreneurship experience, have an 80–90% chance of success 
with a new business.
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Topics: Small Business Tips and Advice | 2 Comments »

2 Responses to “Ten Canadian entrepreneurship facts”

  1. Stuart Crawford Says:
    June 16th, 2013 at 9:50 am

    Thanks for sharing these great stats. Hope all is well with you all.

    Stuart Crawford
    MSP Marketing
    ULISTIC Inc.

  2. Samantha Garner Says:
    June 18th, 2013 at 7:08 am

    Glad you liked them, Stuart!

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