Authors: Edmonton Social Planning Council
Collection: Research Materials
This fact sheet examines the impact of small businesses on the economy.
The authors note that Canadian small businesses employ almost half of the country’s workforce, proving that the success of small businesses has a profound effect on the economy.
Statistics show that Canadian firms with fewer than 50 employees accounted for 28 per cent of the country’s Gross Domestic Product (GDP) in 2009, while those with fewer than 500 employees account for about 45 per cent of the GDP.