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OECD Workshop

OECD Workshop. SME Data Collection Statistics Canada’s Experience Presented by: Terry Evers Director, Small Business and Special Surveys. Opening Remarks. Work in Progress Challenges Budget and resources Definition of SME Information needs Identifying / linking data sources

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OECD Workshop

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  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

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