Small and medium-sized enterprises (SMEs) are the backbone of our economy, comprising 99.7% of all employer businesses in Canada.

As of December 2021, 99.8% of all employer businesses in Canada were SMEs.
ISED Canada
Between 2016 and 2020, the average number of small businesses created annually was 100,475, and the average number of small businesses that disappeared annually was 96,548.
ISED Canada
On average, 30.6% of small businesses created in the goods-producing sector survived at least 19 years, compared with 19.5% of small businesses created in the services-producing sector.
ISED Canada
In 2021, small businesses employed 68.8% of the total private labour force, while medium-sized businesses employed 19.8%.
ISED Canada
In 2019, small businesses contributed 37.5% to Canada's gross domestic product (GDP), while medium-sized businesses contributed 15.6%.
ISED Canada

80% of businesses listed for sale never sell.

According to multiple sources, approximately 70% to 80% of businesses listed for sale do not find a buyer.
Growing 4 Success

Nearly one million businesses in Canada and the U.S. close yearly without being sold.

Between 2015 and 2019, an average of 90,151 businesses disappeared each year in Canada.
Made In Ca
In the United States, the Small Business Administration reported that in 2019, approximately 1 million establishments closed.
US

U.S. Census Bureau – Statistics of U.S. Businesses (SUSB)
https://www.census.gov/programs-surveys/susb.html

U.S. Census Bureau – Annual Business Survey (ABS)
https://www.census.gov/programs-surveys/abs.html

Innovation, Science and Economic Development Canada – Key Small Business Statistics
https://www.ic.gc.ca/eic/site/061.nsf/eng/h_03126.html