1 / 14

OECD Workshop

This workshop presented by Terry Evers, Director at Statistics Canada, discusses challenges, data sources, and the impact of SMEs on the Canadian economy. Topics include employment dynamics, financing surveys, and future steps for data improvement.

kstucker
Download Presentation

OECD Workshop

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. OECD Workshop SME Data Collection Statistics Canada’s Experience Presented by: Terry Evers Director, Small Business and Special Surveys

  2. Opening Remarks • Work in Progress • Challenges • Budget and resources • Definition of SME • Information needs • Identifying / linking data sources • Standardizing definitions and concepts

  3. Introduction • Statistics Canada organization • What lead up to identifying the need for data on SMEs • Free Trade / Globalization / New economies (KBI) / Need for Innovation • Economy driven to large extent by SMEs • Need to know what impact SMEs are having on the Canadian economy

  4. Early Data on SMEs • Limited scope, specific objectives, partial picture of SMEs • Funded by Provincial Governments and Industry Canada

  5. Small Business Profiles • Coverage – Incorporated & non-incorporated businesses ($30,000 - $5M) • Data Source – Tax returns (CCRA) • T2 electronic / T1 paper tax return • Usage – Enables firms to compare themselves to typical firms in same industry, revenue size & province

  6. Small Business Profiles(Cont.) • Users – Industry Canada, Finance Canada, Provincial and Territorial Ministries of Finance, businesses and consultants • Data Availability – Bi-annual since 1993 • Limitations • Timeliness; T1 sample size; Industry level of outputs available

  7. Employment Dynamics • Coverage – All employer businesses • Data Source – Administrative Data (T4 slips) • Usage – Business entry and exit; job creation and loss by geographic area and industry

  8. Employment Dynamics(cont.) • Users – Industry Canada, Provincial and Territorial Governments • Data Availability – Annually since 1996 • Limitations • Latest data covers 1983-99 • Data is by establishment so hard to reconcile with labour statistics which is by enterprise

  9. Small Business FinancingSupply Side Survey • Coverage – Enterprises »$5M in finance & leasing • Data Source – Administrative data from banks, finance companies, portfolio managers, venture capital companies, financial funds • Usage / Users – Discussed in T. Davis’s paper on Needs from a Canadian User Perspective

  10. Small Business FinancingSupply Side Survey (cont.) • Availability – Reference year 2000 and 2001 • Limitations • Using authorization size as proxy for business size • Can’t relate outcomes to Demand Side which is based on business size (employment) • Excludes GBEs; not-for-profit orgs; angels; foreign suppliers

  11. Small Business FinancingDemand Side Survey • Coverage – « 500 employees & « $50M revenue • Data Source – • National sample survey of businesses to determine nature and outcome of requests for financing • Follow-up survey of all businesses who indicated that they had requested financing (approx 25%) to determine sources and importance of financing • Usage / Users – Discussed in T. Davis’s paper on Needs from a Canadian User Perspective

  12. Small Business FinancingDemand Side Survey (cont.) • Availability – Reference year 2000 and 2001 • Limitations • Sample sizes limits detail available on selected financing characteristics • No data on importance of financing to failed start-ups and failed businesses

  13. Next Steps • Inventory of data on SMEs at Statistics Canada • Reviewing direction and priorities for Small Business Financing Initiative – frequency and scope of surveys • Reviewing survey content • Obtaining business size on Supply Survey • Including attitude questions on Demand Survey

  14. Next Steps • Conduct more detailed investigations into other sources of financing (Angels, GBEs), Women Entrepreneurs, Importance of financing as it relates to business cycle (start-up, steady state, fast growth) • Historical analysis using 3 years of data available from the Demand and Supply Survey

More Related