Six statistics about small business and entrepreneurship in Canada

How are Canadian small businesses doing? Here are six facts about the state of Canadian entrepreneurship:

• On average, 150,000 new small businesses are created in Canada each year, but only 51% of new businesses survive five years.
• 98% of businesses in Canada with employees have fewer than 100 of them, 55% have fewer than five employees and 75% of all businesses in Canada have fewer than 10 employees.
• There are 950,000 self-employed women in Canada, one third of all self-employed people in the country.
• Entrepreneurship is the number one choice for Canadians who want more out of their careers. One third of Canadians (32%) like the idea of being their own boss, and one fifth (20%) want to start their own business within five years.
• By the end of the 2000s, approximately 19% of immigrants were self-employed, compared with 15% of those born in Canada.
• Small businesses account for 77% of all private jobs created in Canada.

Sources:
Industry Canada. (2013). Key Small Business Statistics.
Industry Canada. (2012). Key Small Business Statistics.
Statistics Canada. (2012). Business Register.
Royal Bank of Canada. (2011). RBC Canadian Consumer Outlook.
Statistics Canada. (2011).