Shockingly, about 60% of small and medium-sized Canadian businesses experience cash flow management challenges, often resulting in gaps of at least 15 days. Additionally, up to 82% of small-business failures in the country can be attributed...
Unfortunately, statistics show that Canadian businesses are struggling with high debt levels from the pandemic. Many companies in the transportation sector and construction industry seem to be hit the hardest by missed payments driven by high...
According to March 2026 statistics, there are about 344,888 e-commerce stores in Canada. This indicates that Canada is among the top countries with a growing online retail presence. However, with this growth comes challenge, and for...
Every year, there are thousands of business registrations in Canada, according to the government of Canada. If you’re planning on registering your company, you might want to learn how to register a business in Canada, and...
Research shows that payroll errors affect as many as 84% of small businesses. Additionally, about 43% of small businesses in Canada report fiscal challenges stemming from a lack of financial literacy, which directly affects payroll management....
Canada has about 59,638 verified restaurant listings, with Ontario home to about 19,458 and Quebec to about 11,504. Unfortunately, despite the country's many restaurants, many are closing their doors. In fact, data indicates that about 4,000...
Every year, thousands of businesses in Canada need a business loan, but for new small businesses and even those that have been established for quite some time, the process can be a bit mysterious. Today at...
When you have the right accounting software in Canada for a small business, it does two things. Firstly, it saves you time by cutting down manual reconciliations, bookkeeping, and invoice chasing. Secondly, it shows you where...
In recent years, traditional bank lending percentages have declined by 19% for small businesses. This has led many to seek alternative, faster, non-traditional lenders, and, as a result, many businesses want to apply for a merchant...
According to statistics, about 309,000 businesses in Canada missed at least one debt repayment, indicating that companies are under high debt pressure. Although this may paint a bleak picture of taking on debt to help your...
According to Made in CA, approximately 22% of Canadians are remote workers, a significant increase from 4% in 2016. Part of the reason remote work has become more popular is because of the COVID-19 pandemic. More...
According to the Canadian Federation of Independent Business, around 34% of businesses in the country fail within the first five years of operation. This is in part because of bad choices, like poor supplier relationships, and...
On the surface, some grants and loans may seem like the same funding solution, but they are not. Usually, a grant is a non-repayable funding solution for a specific outcome or project that the government or...
Seasonal business cash flow can be tricky, with about 70% of businesses struggling with inventory management during seasonal transitions. Although specific figures aren’t available on how many Canadian businesses operate seasonally, the number is likely significant,...
Every week a business owner tells us some version of the same story: sales took off faster than expected, someone mentioned the $30,000 rule, and now they're not sure if they're offside with the CRA. The...
According to recent data, about 80% of Canadian small businesses experience cash flow problems at some point in their lifecycle. In many cases, late payments can cause more than just inconvenience. Unfortunately, when money stops moving,...
According to recent data, many Canadian businesses are facing considerable challenges with cash flow management. A recent survey shows that about 87% of Canadian SMBs are confident in their performance, but about two-thirds are struggling with...
Canada’s economy relies on the little guy: 98.6% of all businesses in Canada are considered ‘small’, having fewer than 100 employees, and these employ 62.3% of the entire workforce. These businesses also account for just under...
At times, if you own a small business, it can feel like you’re racing against time, which is why time management for a small business owner is so important. Without efficient time management, you’ll struggle to...
Businesses fail. It's a reality many of us don’t want to face because we don’t want to think about worst-case scenarios. This is because unexpected occurrences happen more often than you think. For example, there could...
