According to the 2021 Business Statistics Report by the Government of Canada, out of the 1.22 Million Canadian businesses, over 55% are 1-4 person businesses.
Over half a million of 1-4 person businesses in Canada are in service industry.
The report further reveals that over 527,000 businesses that are 1-4 employee are in service industry and about 150,000 are in goods producing sectors.
About 80% of Canadian Businesses are in Service Industry
78.9% of businesses in Canada are service-based businesses only 21.1% are in goods producing businesses.
Only 0.2% of businesses in Canada are large and about 1.9% are medium-sized
Out of the 1.22 million Canadian businesses about 98% are small businesses. 55% of them are micro-enterprises 1-4 person businesses, and 18% are 5-9 employee businesses.
More than half of Canadian Small Businesses are in Ontario and Quebec
There are about 440,000 small businesses in Ontario and over 250,000 in Quebec.
Running a successful business with a smaller team as small as 1-4 person is the best opportunity for most entrepreneurs in Canada. About 2/3 or 62.5% of micro 1-4 person businesses in Canada remain active and grow beyond their first five years.
Founder at Multicultural Entrepreneurs Business Community (MEBC Canada). An entrepreneur with 20+ years of expertise in developing business & real estate projects with and for owners and investors.