Canada’s small businesses have a big impact on our economy. As of 2021, there were 1.21 million employer businesses in the country. Of that number, nearly 98 per cent were small businesses. Over eight million Canadians, or roughly 68 per cent of the total private sector labour force, were employed by a small business.1 To top it off, they generated nearly 38 per cent of private sector GDP in 2019.