statistics canada oecd workshop sme data collection statistics canada’s experience presented by:...
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StatisticsCanada
OECD WorkshopOECD Workshop
SME Data Collection
Statistics Canada’s Experience
Presented by: Terry Evers
Director, Small Business and Special Surveys
StatisticsCanada
Opening Remarks
Work in Progress Challenges
Budget and resources Definition of SME Information needs Identifying / linking data sources Standardizing definitions and concepts
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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
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Early Data on SMEs
Limited scope, specific objectives, partial picture of SMEs
Funded by Provincial Governments and Industry Canada
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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