April is the peak month of the year for starting a new business in Canada, new GoDaddy research shows.

Based on analysis of 2024 figures, microbusiness density â?? the number of small businesses per 100 people â?? rose, on average, by +11.8% across all Canadian territories and provinces. The Northwest Territories and Nunavut saw the biggest April rise of +17.1%, followed by Yukon at +13.7%. Ontario, British Columbia and Quebec saw the 4th, 6th and 7th biggest rises respectively.

The figures come from Venture Forward, GoDaddy's multi-year research initiative which analyses data from 770,000 Canadian online small businesses (with fewer than 10 employees).

Small businesses can generate huge gains for local Canadian economies in 2025This seasonal rise in small business creation last year bodes well for April 2025 and beyond. Local Canadian businesses act as the backbone of the Canadian economy and bring huge benefits to local economies and communities.

GoDaddy's data finds that almost half (46.4%) of small business owners in Canada employ two or more staff, 42% generate over $5,000 in monthly revenue, and over half (55.6%) aspire to grow their business by hiring more staff and opening physical locations in the months ahead.

The barriers to starting a small business have never been lower The small business 'Spring bloom' also coincides with it being easier than ever for people to set up a new company. According to GoDaddy's research, over a quarter (27.3%) of small business owners report needed less than $500 to start their business.

And with AI tools such as GoDaddy Airo supporting business owners on their journeys, the barriers to setting up a small business have never been lower. Just under three in ten (27.7%) Canadian small business owners report using AI to help them run their business.

Young Lee, Canada Market Lead for GoDaddy, commented: "In times of economic uncertainty, Canadian small businesses remain a vital force for resilience and innovation. From coast to coastâ??including more remote regions like Yukon and the Northwest Territoriesâ??entrepreneurs are not only driving job creation but also strengthening local communities.

"GoDaddy's Venture Forward research underscores that April is a key month in the small business calendar, with many dreams and ideas being turned into reality. At GoDaddy, we are committed to ensuring the positive benefits of the 'Spring bloom' of small business creation are felt for many months to come. We are supporting Canada's entrepreneurs with the tools, resources, and insights they need to navigate challenges and seize new opportunities for growth."

NOTES

Increase in Microbusiness Density Between March 2024 and April 2024 and Rank by Canadian Province [source: GoDaddy Venture Forward]

About Venture ForwardVenture Forward is a multi-year research initiative, which analyses data from over 770,000 Canadian small businesses with 0-9 employees - conducted by GoDaddy to quantify the impact of these businesses on the Canadian economy and their local communities.

About GoDaddyâ?¯ GoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy AiroÂR, the company's AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy's expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.

 

 

SOURCE GoDaddy

SOURCE: GoDaddy

GoDaddy@MHPGroup.com

COMTEX_464163712/2197/2025-04-02T07:59:00