OECD SME and Entrepreneurship Outlook 2019
The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.
This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.
Also available in: French
Canada
Canada’s regulatory environment presents mixed conditions: administrative burdens on start-ups are low, but the cost of starting a business is high. As of 2019, the small business corporate tax rate was reduced to 9%, compared with the standard federal corporate rate of 15%. At the same time, following public consultations in 2017, the federal government introduced measures designed to limit the use of the small business tax regime for tax planning purposes by high-income households.