Corporations.
In your mind what is a Corporation?
Guess who makes up the bulk of Corporations.
Working class, that's who.
The Canadian Small Business Stats Everyone Should Know
MICHELLE MIRE
While every small business owner is acutely aware of the impact they’re making or attempting to make in their specific areas, few recognize the significant influence they have on the economy as a whole.
The Key Small Business Statistics from June 2016 prove it — small- and medium-sized businesses (SMEs) are the backbone of the Canadian economy.
This is one of the many reasons that the Business Development Bank (BDC) of Canada celebrates these accomplishments each October during BDC Small Business Week™.
Small Businesses are the Largest Private Sector Employers
Most private employers in Canada are actually small businesses. This is because most Canadian businesses are small businesses.
A total of 99.7% of all Canadian businesses are small- to medium-sized firms with less than 500 employees. (Small businesses are firms with less than 100 paid employees and medium-sized businesses are categorized as firms with 100 to 499 paid employees.)
9/10 Canadians in the private sector work for a small- to medium-sized business.
Micro-enterprises (firms with 1 to 4 employees) represent 54.1% of all private employers.
Small businesses employ 70.5% of the total private labor force or approximately 8.2 million people.
From 2005 to 2015, 87.7% of all new jobs (1.2 million jobs) were created by small businesses.
British Columbia (93.6%) and Saskatchewan (93.1%) are the provinces with the most people employed by small businesses.
Although Ontario (87.3%) and Alberta (91.2%) have the lowest percentages, small businesses are still the main employers in these provinces.
Small- to medium-sized businesses contribute to approximately 41% of Canada's gross domestic product (GDP).
Small Businesses Employ Workers in a Range of Industries
Small businesses are the corner store, family-owned restaurant or bed and breakfast. But, they are also commercial or residential trades, scientists and researchers, family physicians, dentists and more.
More than half of Canadian small businesses are concentrated in five industries — retail trade (12.5%), construction (12.2%), professional, scientific and technical services (12%), other services (9.6%) and health care and social assistance (9.2%).
The industries with the most employees working for small businesses are wholesale and retail (1.96 million), accomodation and food services (1.01 million), manufacturing (0.81 million) and construction (0.76 million).
Together, these four industries account for 55.6% of all small business jobs.
When you include medium-sized businesses in the mix, small- and medium-sized businesses account for more than 90% of the employment agriculture (98.8%), other services (98.6%), accommodation and food services (98%), wholesale and retail trade (97.1%), construction (96 %), business, building and other support services (93.4%) and professional, scientific and technical services (90.7%).
In all industries, nearly 70% of the Canadian workforce is employed by small- and medium-sized businesses
Cliff, I don't think you know what a Corporation is.