As of December 2022, there were 1.22 million employer businesses in Canada*. Guess how many were small businesses.
Whatever your guess, we recommend you make it a little higher because, as of 2022, more than 98% of Canadian businesses employed less than 100 employees*. There are over 1,190,000 small businesses in Canada that, notably, contribute slightly more than 35% to Canada’s GDP*. Additionally, as of 2022, small businesses employed 8.2 million individuals in Canada or 67.7% of the total private labour force*. They may not be multimillion dollar corporations, but their worth should not be underestimated. Continue reading “Why Life Insurance Advisors Are Making It Their Business to Investigate the Business Insurance Market”