Immigrant owned firms created 25% new jobs in Canada

A new study has been carried out by Canada regarding job creation and destruction among private incorporated companies in Canada by immigrant entrepreneurs and canadian born owners, from  2003-to-2013 period.

According to the study, there were 8.6 million weighted firm-year observations over the 11 years studied. Therefore, the annual average net number of jobs (ALUs) created per firm was 0.18 (1.6 million divided by 8.6 million). There were 7.2 million observations involving firms with Canadian-born owners, so the annual average net number of jobs created per firm was 0.16. Among immigrant-owned firms, roughly 0.4 million net jobs were created. There were 1.4 million observations involving immigrant-owned firms, so the annual average net number of jobs created per firm was 0.28 among immigrant-owned firms.

Therefore, 25% of the net new jobs created by private incorporated companies were attributable to immigrant-owned firms, although they accounted for only 17% of the private incorporated firms studied. Three-quarters of the net jobs created were attributable to firms with Canadian-born

Immigrant-owned firms also tended to be smaller than firms with Canadian-born owners. Eighty-one percent of immigrant-owned firms had fewer than five employees, compared with 69% of firms with Canadian-born owners.

You can read the full report here