Industry Canada's definition of “small business” is firms that have fewer than 100 employees. Number of Businesses. • 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.

Jul 18, 2011 For the Canada Small Business Financing Program, Industry Canada uses a
definition of $5 million in revenue or less. Industry Canada also has an employee
based definition where businesses are considered small if they have less than
100 employees or less than 50 employees if it is a service based …

According to the Canada Revenue Agency, a small business is defined as having fewer than 100 paid employees, with medium-sized businesses having 100-499 employees. … Nearly 70 per cent of Canada's total private labour force are people who work for small businesses.