Do you want to start a business in Canada? And searching for profitable investment opportunities in Canada? Here in this post, we have accumulated some of the profitable sectors to invest in Canada and lucrative business ideas in Canada.
Like other developed countries, the Canadian economy is dominated by the service industry, which employs three-quarters of Canadians. According to the World Bank Group, Canada ranks 3rd in starting a business under the report of ease of doing business in Canada. It takes only a day to get the registering procedures done for a new initiative. In a report released in collaboration with the International Monetary Fund, the World Bank ranked Canada 19th out of 189 countries in its “Ease of Doing Business” survey.
Find here a list of top 40 Small Business Opportunities in Canada.
List Of Top 40 Small Business Ideas In Canada
You can start an alteration service business in many different ways. Right sewing knowledge and experience are needed. You can also take some classes for different types of sewing and designs. You can start from a retail location. Otherwise, as the home-based. A home-based operation allows eliminating the cost of real estate. It will also help you in securing a customer base with minimum overhead cost. You can operate the business as part-time also.
Automotive Business In Canada
The automotive service industry has huge potential in Canada. To complement country’s wide manufacturing activities, the industry boasts a well-developed vehicle dealer network, plus an aftermarket organization which has grown into a world-class distribution system and service provider. This creates a number of small business opportunities in the automobile sector.
#6. Spare Parts Distribution
#8. Catering Service Business In Canada
People look for catering service not only for birthday or wedding parties. Catering services are popular in every small get together or small parties or for a small number of guests. If you have a well-organized kitchen, a passion for cooking and an attitude of serving people – the business is perfect for you. Local networking is important. Make your business available in local online directories. Read More…
#9. Cleaning Service Business In Canada
You can start any type of cleaning business from home. The startup cost is very less. According to your skill you can concentrate on the niche segment. You can also start a cleaning agency. Office cleaning, window cleaning, air-duct cleaning are the popular cleaning business opportunities to start as small scale.
Consulting Business In Canada
Managers and professionals from various different industry look for profitable consulting business ideas to do something different, enjoy more job flexibility and make more money. Consulting is not a new phenomenon. It has been around for years. The consulting trend is continuing to build as companies are staying as lean as possible in tough economic times.
Door Step Beauty Services In Canada
The beauty and cosmetics industry in Canada is booming, which is good news for entrepreneurs in the field of beauty. The Canadian Cosmetic Toiletry and Fragrance Association (CCTFA) reports that beauty in Canada is a $9.5 billion a year industry. The beauty industry is steadily growing by 0.7% a year and there’s still ample room for opportunity, especially in Quebec, Ontario, and British Columbia. Although Toronto, Vancouver, and other major cities have competitive beauty industries – the rest of Canada offers little-to-no market saturation – which makes starting a beauty business much easier than in other countries.
#16. Makeup artist
#19. Sauna Lounge
#20. Tanning Salon
#21. eCommerce Business In Canada
Much like the rest of the global market, the e-commerce industry in Canada is on the rise. As more consumers shift spending from physical stores to online merchants, e-commerce has dramatically changed the way retailers reach customers, making it faster and easier for consumers to make purchases on the fly while avoiding the hassles of going to the store. Retail e-commerce sales are defined as the purchase or commitment to purchase goods or services over the Internet.
Financial Services In Canada
#22. Angel Investment Company
#23. Audit Firm
#24. Debt Collection Agency
#25. Forex Trading
Handyman Business In Canada
#27. Air Conditioning Service
#28. Appliances Repair Service
#30. House Painting
#31. Property Management
Home Based Business In Canada
Home based business opportunities are great solutions for many individuals either as a part-time or full-time income alternatives. Successful home businesses are real businesses. To turn a home business opportunity into a success, you need to be prepared to work at it and have the appropriate knowledge and skills that you need to run any business.
#32. Affiliate Marketing
#34. PTC Sites
Pet Related Business In Canada
The pet industry is growing rapidly worldwide. People are buying more pet nowadays and spending a lot of money on them to give ultimate comfort. The attitude and sentiment behind this are the majority of the population now considers their pet to be a member of the family. In this scenario, starting a pet-related business from home is just a wise decision.
#39. Dog Day Care Service
Sports Business In Canada
Sports industries accounted for 105,200 jobs, a 0.6% share of the total economy. Almost 90% (93,200) of the jobs in sports industries are sports jobs, but the sports industries also contribute non-sport jobs (12,000 jobs) to the economy. The potential segments of sporting and athletics are baseball, basketball, billiards, fishing, football, golf, gymnastics, hockey, pool, racquet sports (e.g. tennis, squash, etc.), and specific equipment such as sailboards, skates (ice and roller), exercise machines, snowshoes, skis, swimming pools, and playground equipment.