Well, yes.
StatsCan's current data says 60.4% of the firms active in the industry are micro with fewer than five employees; 99% of small businesses have fewer than 100.
I want to talk about passive income, which is coming under a bit of an attack by Finance Canada. The suggestion that these companies are keeping money in their businesses to avoid paying tax is ridiculous.
In our industry you have to keep a healthy balance sheet if you want an operating line from the bank. You want to support your bonding limits. In many cases, to have that money in there is also your war chest when things go badly.