Are you looking for best small business ideas in Canada? Look no more. We are sharing some of the top startup ideas and business opportunities in Canada which you can consider in 2024.
Best Small Business Ideas in Canada
1# Mobile Home Business
Mobile home service is a lucrative market. The cost is around $10,000 and $50,000 for this service. Starting this business needs capital investment.
Some options include window washing, cleaning cars, and the things required include ladders, tools and products, and a vehicle to carry something.
2# Transportation
Providing transport service is a profitable business in Canada. It covers around 5% of the country’s GDP.
Starting a transport business capable of moving goods comes with substantial costs. Smaller trucks cost $15000 in Canada. One needs a license to carry goods, insurance of the vehicle and a name for your business.
3# Fitness Market
The fitness market is a good opportunity for entrepreneurs. This market reached $266 million in 2019 and expected to increase further.
This market in Canada requires low startup costs and personal trainer expertise plays a more important role than equipment.
4# Photography Business
Due to the immense increase in digital technology and social media, photographers can make good money.
A good camera in Canada costs around $2,000 to $5,000. You can start this business with a website and active social media accounts. One can also open his or her own studio.
5# Blockchain and International Trade:
Canada imports and exports, natural resources and finished goods. The annual growth rate of blockchain is 90% in Canada.
To speed up the process to pass something from the borders, one can start a blockchain supply chain development company.
This blockchain technology helps to track the package of suppliers and also speed up the entire process and verification of the handlings.
6# Repairing Computers Business
In Canada, if you have an interest in computers, then this is a profitable opportunity. The repair of a computer in Canada cost is C$14.53.
If you have the training, license, and knowledge of hardware and software, then you can start the computer repairing business.
7# Consignment Shop
Recycling is an emerging trend. Anybody can earn 50-80% of the consignment items. One can open a consignment shop or an online consignment shop and can sell second-hand goods.
One must find products and items that are in good condition and display them in such a way that attracts customers.
8# Pet Services
There are so many opportunities in the pet services business. This service costs around $20-$40 a day.
Canadians love their pets and caring for them is their top priority. One can start this service from a pet daycare, pet walking or grooming service, etc.
9# Home Inspector
In Canada, prior to buying a home, homeowners want to inspect their homes and they can take the service of home inspectors.
The home inspection cost is $300 to $600 in Canada. One can start this business by getting a certificate in this field. A home inspector will check walls, electrical systems, plumbing, flooring quality, etc.
10# Career Counseling
Career counseling is in high demand in Canada. Knowledge in a different type of career can help one starting a career counseling business. C$23.50 is the pay in hours of career counselors in Canada.
It is one small business that requires no investment. You can also provide online career counseling.
11# Tire Store
You can start a tire shop business in almost any city of your choice in Canada. The Start-up cost of a tire shop may be made more affordable if funding from the government is opted which is available in the form of grants, loans, tax breaks, and tax credits.
Business in used tires may further bring down our investment money and make it a profitable business idea in Canada.
12# Mobile Car Wash Service
Mobile Car Wash is a good option. The startup cost for the mobile car wash is about $25,000 and the average per annum income from this business is about $140,000.
13# Consulting Business
Consulting business has gathered strength in different domains in the last few years and it has started transforming into proper consulting companies.
An appreciable earning has been created by the consulting firms in Canada and it is moving towards further growth in the arena of advertising, conventional marketing and internet marketing, etc.
Start-up cost for consulting business in Canada ranges from $10,000 – $50,000.
14# Wedding Planning
The wedding planning business has gathered fame and popularity. It is showing good earning potential in Canada by transforming the small business ideas in Canada into a ground reality.
The start-up cost of this business is ranging between $2,000 – $9,000 which would include furniture, fixtures, wedding planning software, and a computer.
15# Air Conditioning Service
Installation and maintenance of heating and air conditioning systems are very significant in Canadian life because of extreme weather conditions.
Experienced and well-skilled technicians and businessmen are earning a handsome living in this field. This lucrative business may be run with a small startup cost.
The start-up cost of running an HVAC business as a small-scale venture could range from $10,000 – $12,000.
16# Electric Car Charging Station
The world is heading towards a transitional phase of moving from conventional vehicles to Electric vehicles. Many Canadians are using electric vehicles mainly for transportation purposes which have created the demand for electric vehicle charging stations.
Setting up a standard EV charging station would involve a sum of $500 – $2,000 in Canada.
17# Immigration Consultancy
For more than two decades, Canada has been a high attraction place for people across the world who aspire for a quality life.
If you are skillful in immigration matters and have some experience in the field of immigration consultancy, you may adopt it for a better source of income at a mediocre investment cost ranging from $10,000 – $50,000.
18# Barber Shop
there is another good startup idea in Canada. Opening a barbershop in Canada is like a ready-to-run type of business.
If you are skillful and have the expertise and some experience you can start this business with a low start-up cost with handsome earnings within a short period of time in almost any city or town of your choice in Canada.
The start-up cost of Barber Shop in Canada ranges from $3,000 – $5,000.
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