Canada ranks in the top five among G20 countries when it comes to entrepreneurship, but many still say they have trouble accessing the funding and help they need, according to a new report by a global financial services firm.
The level of new business activity and start-ups in this country is well above the G20 average, Ernst and Young said in its report released Tuesday.
Canada has among the lowest costs for starting a business. And Canadian entrepreneurs benefit from low labour costs and spend fewer hours on tax matters.
Still, Canada scores low on the idea of entrepreneurship as a career choice, the report said.
Nearly three-quarters (73%) of entrepreneurs surveyed said they expected better policies and programs to help them.
Australia, the U.S., the U.K. and South Korea join Canada at the top of the rankings.
EY's findings come from a survey of more than 1,500 entrepreneurs and data based on entrepreneurial conditions across the G20 economies.