In the latest CFA Canadian Franchise Industry Economic Outlook, franchise-related activities are expected to generate $13.1 billion in provincial and territorial taxes this year. But franchisees aren’t simply just business owners; they’re also pivotal players in driving economic growth across the country, it adds.
As the CFA celebrates Franchisee Appreciation Month noteworthy too is that one in 10 Canadians are now employed, directly or indirectly, in a franchise system. In 2024, franchise-related employment in Ontario is projected to reach 738,600 jobs, with Quebec and British Columbia following closely at 227,700 and 223,500 jobs, respectively. Looking ahead. Newfoundland and Labrador and Prince Edward Island are expected to see the highest growth rates in new franchise establishments this year.
Franchisees are deeply rooted in their local communities, and their contributions go far beyond economic metrics. Indeed, nearly all small retailers (97%) report contributing to their communities or provinces in some way, with 74% donating to local charities and causes, 56% sponsoring local events and teams, and 55% providing job opportunities for youth, according to the Canadian Federation of Independent Businesses (CFIB).
For more information visit https://cfa.ca
