SME Benchmarking Tool

What is SME benchmarking tool?

SME Benchmarking Tool provides access to more than 600 industries across Canada, including more than 30 performance benchmarks to help small businesses determine how they measure up to their competitors.

Reports feature the number of businesses in the selected industry, statistics for profitable and non-profitable small and medium-sized businesses that includes net profits and net losses, and detailed financial data on revenues and expenses.

SME Benchmarking Tool also highlights the industry's averages for income statements and balance sheet items, financial ratios, and the revenue range of its employees. Reports are marked with quality indicators that measure of the amount of imputation contributing towards a given value.

The generated reports are representative of all businesses operating within the specified industry and geographic area and earning between $30 thousand and $5 million in total annual revenues for the reference year 2010. In the past, we released two years of data but because of changes to the methodology comparing data from previous years is not recommended.

This tool is based on the Small Business Profiles (SBP), which are created by Statistics Canada using a sample of Revenue Canada tax returns (T1, T2) for both incorporated and unincorporated businesses operating in Canada.

The Small Business Profiles are created using the North American Industry Classification System (NAICS) for 2007.

Note: If you are choosing to compare the data from the SME Benchmarking Tool to other departmental data, please take into consideration the methodology used on our data and the data you are comparing.

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