Nov 17, 2015 – As consumers, lets take the initiative to support our local small businesses. Afterall, they are our family, friends, and neighbours. So there you have it – Canadian Small Businesses defined, supported by some interesting facts and stats. Small businesses are defined as …firms that have fewer than 100 paid employees.

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. … A micro-business is defined as a business with fewer than five employees.

Jan 5, 2017 – Definition: The Business Limit relates to income tax deductions available to Canadian corporations when filing Canadian corporate tax with the Canada Revenue Agency (CRA). The Business Limit is a set dollar amount that caps the amount of Small Business Deduction (SBD) a Canadian corporation may …