Small businesses are the heartbeat of Canada’s economy, driving innovation, employment, and community growth. As we move through 2025, understanding the latest trends and statistics can help entrepreneurs navigate challenges and seize opportunities. Below, we’ve compiled the top 15 small business statistics in Canada, offering insights into their impact, challenges, and future outlook. The Backbone …

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Ever wonder why small businesses fail in Canada despite our supportive entrepreneurial ecosystem? I’ve spent years working with Canadian entrepreneurs, and the statistics can be sobering: approximately 20% of small businesses fail within their first year, and around 60% don’t make it past year five. As someone who’s helped dozens of business owners navigate these …

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I remember the day I put my first vending machine in a local gym. It was nothing fancy – just a basic snack machine with a few dozen items. But when I came back a week later and counted the money, something clicked. This could be big. Starting a vending machine business in Canada has …

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I know, starting a business in Canada is an exciting journey that begins with proper registration. I’ve helped dozens of entrepreneurs navigate this process, and I can tell you firsthand that knowing how to register a business in Canada correctly from the start will save you countless headaches down the road. The Canadian business industry …

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Let me tell you a story. When I started my first small business in Canada, I thought payroll was just “paying people.” Big mistake. I missed a CRA deadline, got slapped with a penalty, and spent a weekend untangling the mess. Sound familiar? Payroll isn’t sexy, but it’s the backbone of keeping your team happy …

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Running a small business in Canada is no easy feat, and managing payroll can be a particularly time-consuming and complex task. But don’t worry, there’s good news! Several free payroll software options can help streamline the process, ensuring accuracy and compliance with Canadian regulations. This blog post explores six of the best free payroll software …

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