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CBC News
Posted: Oct 17, 2011 9:07 AM ET
Last Updated: Oct 25, 2011 4:10 PM ET
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The numbers don't lie: small businesses play a major role in the Canadian economy. The numbers don't lie: small businesses play a major role in the Canadian economy. (iStock)
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Small businesses are often touted as the backbone of Canada's economy, but how much do they actually contribute to the country's gross domestic product? How many small businesses are there, and how many do they employ across the country? And what exactly is a small business, anyway?
To mark the Oct. 17 start of small business week in Canada, CBC compiled some of the big numbers behind small businesses in this country.
What is the definition of a small business in Canada?
1 to 4 employees: Micro-enterprise
5 to 100: Small business
101 to 499: Medium-sized business
00-plus: Large business
Source: Inudstry Canada)
How many small businesses are there in Canada?
The total number of registered employer businesses in Canada (businesses with at least one employee on payroll) as of December 2010, the most recent figure available: 1,138,761
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1,116,423 of those were small businesses, comprising 98 per cent of all employer businesses in Canada.
Source: Industry Canada calculations using data from Statistics Canada)
How many Canadians work for small businesses?
5,137,147 (48.3 per cent of Canada's total workforce)
In 2005, 41 per cent of employed Canadians worked for businesses with fewer than 20 employees.
(Source: Industry Canada calculations using data from Statistics Canada)
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