Survey on Financing and Growth of Small and Medium Enterprises, 2020

March 2, 2022, 8:37 a.m. (EST)

Small- and medium-sized businesses contribute significantly to the Canadian economy, making up 98.1% of all employer businesses in Canada in 2021. Small businesses employed 9.7 million individuals in Canada. By comparison, medium-sized businesses employed 3.2 million individuals (21.2% of the labour force) and large businesses employed 2.3 million individuals (14.8% of the labour force). As such, small and medium businesses are a significant driver towards economic prosperity.

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