Industry Canada's definition of “small business” is firms that have fewer than 100 employees. There are just over one million small businesses in Canada that have employees (excludes self-employed entrepreneurs). Ninety-eight percent of businesses in Canada have fewer than 100 employees.

Oct 17, 2011 – 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. 500-plus: Large business. (Source: Industry Canada) …

Canadian SME Definition. Industry Canada uses the term SME to refer to businesses with fewer than 500 employees while classifying firms with 500 or more employees as "large" businesses. … A micro-business is defined as a business with fewer than five employees.

Jul 18, 2011 – A business that has between 100 and 500 employees is considered medium sized. Businesses with less than 5 employees are called Micro Businesses by Industry Canada. The term small and medium-sized enterprise (SME) is a commonly used term by many organizations.