Are you interested in starting a business in Canada? Are you looking for profitable investment opportunities? Look no further; this post has some of the most lucrative business sectors and ideas available to both citizens and immigrants in Canada.
Canada, a developed nation, is primarily driven by its service industry. Three-quarters of Canadians work in this sector. According to the 2017 report, there were about 1.15 million small businesses present in Canada.
According to the World Bank Group, starting a business in Canada is easy, taking only a day to complete the registration. Additionally, in a joint report by the International Monetary Fund and World Bank, Canada was rated 19th out of 189 countries in terms of ease of doing business.
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List of 45 Small Business Ideas in Canada
Canadians looking to start their own business with a modest investment should consider these ideas and opportunities for profitability:
Automotive Business Ideas in Canada
In Canada, the automotive service industry is thriving. The country’s diverse manufacturing activities are supplemented by an extensive network of vehicle dealerships and a world-class aftermarket distribution system and service provider. This provides ample opportunity for small businesses that want to enter the automotive sector.
1. Tire Store
To open a retail-based tire shop in any Canadian city or town, you must have the right location. Take a look at this business plan to gain more insight into how to begin a tire shop.
2. Automobile Service Station
Having auto repair experience or a Canadian mechanical graduate degree could be beneficial to start an auto repair and service business. The profitability of this endeavor is heavily dependent on the shop’s location.
3. Driving School
Canada is a great place to be a driving instructor, with salaries averaging over $40,275 per year. Driving instructors are in high demand, especially in cities like Toronto, so those with good driving skills or connections can make good profits from starting their own school.
4. Mobile Oil Change
Canadian companies have the potential to make good money through oil change services that include conventional oil, filter, lube, and inspection functions for both cars and light trucks which require upkeep from time to time.
5. Mobile Car Wash
If you’re looking to start a car wash business in Canada, an investment of $25,000 is required. Be sure to check if there’s the local demand for your services, as a mobile car wash may be the right choice.
6. Spare Parts Distribution
If you own a retail store in Canada, selling spare parts for cars is an effective business venture in the automotive industry.
7. Tow Trucking Service
In Canada, establishing a vehicle towing service can be profitable if you have the funds to invest.
8. Catering Service Business
Catering services are sought-after for more than just birthday and wedding celebrations. One can also find such services for smaller parties or gatherings of just a few guests.
If you have an orderly kitchen, a love of cooking, and a willingness to serve people, then this is the business for you. It’s vital to network in your local region. Ensure that your business appears in local online directories.
9. Cleaning Service Business
Starting a cleaning business from your home has a relatively low cost. Depending on your abilities, you can focus on a specific niche segment.
Additionally, setting up an agency is also a viable option for many cleaners. Office cleaning, window washing, and air-duct cleaning are all popular services that can be offered on a smaller level.
Consulting Business Ideas In Canada
Numerous experts and professionals coming from diverse industries search for lucrative consulting business ideas so as to have more job independence, try something new, and gain increased revenue.
Consulting is not a novel thing; it has existed for years. The consulting trend continues to build up since organizations are remaining as minimal as possible in tough economical times.
10. Advertising Consulting
Are you familiar with advertising? If so, then a Canadian advertising consultancy might be the right choice for you.
11. Image Consulting
If you have knowledge of styling, image consulting may be the perfect career path for you. This profession provides people with advice on how to look and feel their best and project confidence.
12. Internet Marketing Consulting
Canadian small businesses are keen to establish an online presence, driving up the need for experienced internet marketing professionals.
13. Public Relations Agency
Canada has a vibrant media industry and, for public relations specialists, there are many opportunities available to work with print, electronic and digital media.
14. SEO Consulting
All companies strive to score higher on web searches. With the know-how and skills of SEO, you may want to start a business offering SEO consulting services.
15. Wedding Planning
Wedding planning is a lucrative business right now. If you enjoy putting together events, you could make money by starting your own wedding planning company.
Beauty Business Opportunities In Canada
According to the Canadian Cosmetic Toiletry and Fragrance Association (CCTFA), the beauty and cosmetics industry in Canada is rapidly growing, yielding a $9.5 billion annual revenue – an exciting opportunity for those in the beauty sector.
The beauty industry is steadily increasing at 0.7% yearly, and there is still plenty of opportunity, especially in Quebec, Ontario, and British Columbia. In big cities such as Toronto and Vancouver, the beauty market competition is already high, however, other parts of Canada provide little to no competition for aspiring entrepreneurs.
15. Beauty salon
For those with experience in makeovers and retail, opening a beauty salon can be a valuable venture in cities like Toronto, Ontario. Beauty salons provide an array of treatments and grooming services.
16. Makeup artist
As a makeup artist, you can offer various services and boost your income by selling makeup and related supplies.
17. Nail Salon
Launching a niche nail salon is one more beauty industry venture that can be thought of, since the need for manicure and pedicure services is projected to increase in Canada in the next five years.
18. Mobile Spa
Starting a mobile spa as an expert in spa-related services can be a cost-effective idea, yet successful networking abilities are essential for increased profitability.
19. Barber Shop
A barbershop is a recession-proof venture since having a retail space and styling abilities makes it easy to acquire customers in smaller Canadian towns and cities.
20. Beauty Blog
If you’re an expert on beauty, writing a blog can be a great way to make money. Additionally, by endorsing and selling beauty products and services, you can increase your earnings.
21. eCommerce Business
Similar to other markets around the world, e-commerce is increasing in Canada. Consumers are shifting from physical stores to online merchants, which has changed the way
Financial Service Business Ideas & Opportunities in Canada
22. Investment in Startups
For those with extra funds, investing in startups is a lucrative venture in Canada. There are also numerous private syndicates that Canadian investors can get involved in.
23. Accounting Firm
For their accounting requirements, many small Canadian businesses turn to professional firms. If you’re an experienced accountant, setting up an accounting firm is a worthwhile pursuit.
24. Debt Collection Agency
If you’re looking to start a debt collection agency in Canada, it’s important to talk with the local governing authority and understand the legal requirements. A lender typically hires collection agencies for unpaid debts that have gone on for an extended period of time.
25. Forex Trading
To trade forex successfully, you must first familiarize yourself with how it works and then select the right trading platform.
26. Bookkeeping
Despite no formal qualifications, you can start a bookkeeping business by leveraging your numerical skills and experience. Providing bookkeeping services is another option to explore.
Handyman Business Ideas in Canada
27. Air Conditioning Service
Extreme temperatures, especially in the winter and summer months, mean that Canadian households require both heating and air conditioning systems. As such, when someone possesses experience
28. Appliances Repair Service
In Canada, there is a lot of interest in appliance repair services such as refrigerators, washers, dryers, stoves, ovens, and dishwashers. Gaining the necessary training to become an appliance repair technician can open up opportunities to start a small business.
We offer sales and installation of CCTV cameras.
Setting up and managing CCTV systems is becoming increasingly popular in this region. To do so, it’s important to understand the technical side of this business.
30. House Painting
Canada is an excellent market for house-painting services. To start a successful business, find professionals with the necessary skills and experience.
Home-Based Business Opportunities In Canada
Home businesses can offer amazing opportunities for many people, and be part or full-time income sources. Those who are successful in running home businesses treat them as real businesses.
If you want to make a success out of your home business venture, it’s important to be willing to put in the work and have the
31. Property Management
Property managers who are reliable and experienced are always in demand by real estate owners and landlords in cities like Toronto and Vancouver. As a property manager, you are tasked with facilitating the transactions between buyers and sellers.
32. Affiliate Marketing
Affiliate marketing is a great way to start an online business from home. This guide explains how it works.
33. Start a Blog
To earn money from the comfort of your own home, consider launching a blog. This guide will show you how to set up a blog and capitalize on it.
34. Online Surveys
Canadians can make money online by taking surveys with various survey companies. Check out this article to learn how it works.
35. Graphics Design Service
If you have an artistic bent, then graphic design is a lucrative profession you can do from home. Adequate remuneration awaits those passionate about creating art.
36. Alteration Service
Numerous approaches exist for beginning an alteration service business–and fundamental sewing knowledge and expertise are required. To gain the necessary skills, taking classes about different types of stitching and patterns may be beneficial.
You can set up shop in a retail setting or operate as a home-based business, which eliminates the expense of acquiring real estate and provides the potential to acquire customers with minimal overhead costs. Additionally, the company may be operated on a part-time basis.
37. Interior Designing
Becoming an interior designer in Canada is a lucrative career choice; however, it requires certification and several years of work experience before one can provide services professionally.
38. Pet-Related Business
The pet sector is developing swiftly worldwide. Currently, individuals are purchasing more animals and investing a lot of cash in them to offer the ultimate convenience.
The mentality and emotion behind this are that most of the population now views their pet as a member of their family. Considering this, beginning a pet-focused company from your own home is an astute choice.
39. Sports Business
The sports sector was responsible for a 0.6% share of total employment, amounting to 105,200 jobs. Of these, 93,200 were sports-related and the remaining 12,000 non-sports related.
Potential sports and athletics include baseball, basketball, billiards, fishing, football, golf, gymnastics, hockey, pool, racquet sports (e.g. tennis and squash), sailboarding, skating (ice and roller), exercising machines, snowshoes, skis, swimming pools, and playground gear.
Starting a security business in Canada is a great option.
Choosing a niche is important for those who want to open a security-based business in Canada. Possible niches include home and personal security, event security, or even vehicle protection.
This article will teach you about the various security companies one can establish in Canada due to the need for professional security services.
Upcoming Innovative Business Ideas in Canada
A company that specializes in blockchain-based supply chain development is 41.
Canadian import-export operations are rife with long wait times for goods to get cleared. Blockchain supply chain development is a lucrative business opportunity in Canada if you have experience in blockchain and foreign trade.
42. Immigration Consultant
Canada is attractive to immigrants worldwide, leading to a need for qualified immigration consultants. Start-up costs are relatively low if you possess the right experience.
43. Marijuana Regulatory Management Consultancy
In Canada, it is currently lawful to use and purchase pots for both medicinal and recreational functions. The minimum age for this is 19.
Despite this, people related to the cannabis trade and dispensaries still have yet to fully comprehend and abide by the related regulations. Therefore, there is a rising need for consultants who are acquainted with the law and can advise them accordingly.
44.  Electric Car Charging Station
Environmentally-mindedness is a common characteristic among Canadians. The growing use of electric vehicles for transportation has accelerated the necessity for Electric Car Charging Centers, presenting a lucrative business opportunity in the country’s near future.
Consider becoming a Renewable Energy Consultant to get started in your chosen field.
With gas prices increasing in Canada, there is growing interested in alternative energy sources for electricity. Those with the required expertise and information will find plenty of potential customers.
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