Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Small Businesses in Saskatchewan Make a Big Impact

Released on October 16, 2017

Saskatchewan’s small businesses contributed almost a third of the province’s gross domestic product in 2016 at 31 per cent.  This information was contained in the 2017 Saskatchewan Small Business Profile, released during the Business Development Bank of Canada (BDC) Small Business WeekTM taking place from October 15-21, 2017.

Small businesses are those with fewer than 50 employees, and account for more than 98 per cent of all businesses in Saskatchewan.  The province has 129 small businesses per thousand people, the highest rate in Canada and above the national average of 105.  Saskatchewan ranks third nationally, for the share of its total economic output generated by small businesses.

“We know that small business in Saskatchewan is actually big business,” Economy Minister Steven Bonk said.  “These enterprises help to grow our economy, create jobs and encourage investment in communities across the province - contributing to the quality of life we all enjoy.”

The theme for this year’s BDC Small Business WeekTM is Future-proof your business: Adapting to technology and demographic trends.  The bank is partnering with Facebook to provide a number of free seminars to entrepreneurs, as part of a Boost Your Business with Facebook series.


In 2016, Saskatchewan’s more than 148,500 small businesses employed 31.1 per cent of the province’s workers and paid out more than $6.2 billion in wages and salaries - 25.7 per cent of the province’s total payroll.  As well, the wages paid in this sector grew by an average of 3.1 per cent, the second fastest growth rate among Canada’s provinces.

“Small businesses are active in almost every sector of the economy, and are a source of innovative products and services that advance our quality of life,” Bonk said.  “The provincial government is committed to creating and maintaining a positive business environment with policies that enable this sector to thrive.”

The Government of Saskatchewan has invested in a number of initiatives, services and programs that support the small business sector.

Some of these include:

  • The Canada-Saskatchewan Job Grant, an employer-driven program which helps employers train new or current employees to meet their specific workforce needs.
  • A highly competitive tax structure which includes tax credits for research and development, as well as for manufacturing and processing equipment expenditures.
  • The Regulatory Modernization and Accountability Act, removes red tape that could be a road block to business, and to remove some of the barriers to growth.  In 2016-17, approximately $6.5 million was saved by businesses through red tape reduction initiatives introduced by the provincial government - part of $65.4 million in savings projected over the next 10 years.
A number of events are taking place across the country during the 2017 BDC Small Business WeekTM.  In Saskatchewan, these include numerous seminars focused on branding and marketing, financial reporting, intellectual property and a host of other topics.  A list of events is available on the BDC website at https://www.bdc.ca/en/small-business-week/events/pages/local-events.aspx.

More details on small businesses and their impact in Saskatchewan can be found in the 2017 Saskatchewan Small Business Profile at http://publications.gov.sk.ca/details.cfm?p=81279.

To learn more about the 2017 BDC Small Business WeekTM, visit the website at https://www.bdc.ca/en/small-business-week/pages/home.aspx

-30-

For more information, contact:

Deb Young
Economy
Regina 
Phone: 306-787-4765
Email: deb.young@gov.sk.ca

We need your feedback to improve saskatchewan.ca. Help us improve