Financial Performance Data

Financial Performance Data

This online tool created by Industry Canada, provides access to more than 1000 industries across Canada, including more than 30 performance benchmarks to help small businesses determine how they measure up to their competitors. Whether you are putting together a formal business plan or seeking to make an operational decision, the Financial Performance Data can provide insight on the operations of similar small and medium-sized businesses in your industry.

The guidelines below will take you step-by-step through the Financial Performance Data tool and show you how to estimate the operating costs of your business, view financial performance averages in your industry and enter your own data to see how your business compares to the competition. 

Step 1:  Go to www.sme.ic.gc.ca

Step 2:  Select Create a Report on the left-hand side of the main page.

Step 3:  Fill out the electronic form in front of you. Next, select from pull-down menus for the remaining box options. Choose the options that best support your data search.

Step 4:  Enter your NAICS number in the box provided. If you're not sure of your code visit Statistics Canada

Hit “Create Report” when done.

Step 5:  Next, decide which portion of the industry you will use as comparables. You can use the half or quartile that best reflects your own operating revenue to get a more accurate benchmark or you can select them all.

A Business Advisor at the Small Business Centre can provide additional assistance in using the tool and interpreting the data for your business.  

Call 519-659-2882 ext. 0 or email  to book an appointment.