Are you in search of business opportunities in Canada that require minimal investment? Are you interested in discovering the most lucrative business ventures in the country?
This extensive compilation of profitable business concepts serves as an excellent starting point for individuals of all backgrounds, whether you’re a newcomer to the business world, a self-motivated entrepreneur, or someone with limited resources.
Starting a business doesn’t always demand a hefty investment. In Canada, you can launch your entrepreneurial journey with minimal or no upfront costs. Let’s explore some innovative, budget-friendly business ideas:
If you possess a flair for writing, consider kickstarting a blog. Platforms like WordPress and Wix offer free hosting, making it accessible for anyone. Regularly publishing valuable, keyword-rich content in niche areas can help you establish trust and connect with your audience. Over time, bloggers can earn an average annual income of $39,186, depending on audience size, content quality, and experience.
Affiliate marketing is a cost-effective approach where you promote and sell products on behalf of businesses, earning commissions for each sale you facilitate. If you already have a blog or a presence on social media, leverage these channels to promote products. Explore websites offering affiliate programs such as CJ.com, Best Buy Canada, Amazon.ca, Impact Radius, Fintel Connect, Walmart, and Rakuten. On average, affiliate marketers can earn around $59,624 per year, with commission rates varying by the company.
The secondhand apparel industry is on the rise, predicted to grow by 127% globally, reaching $82 billion by 2026. Tap into this trend by launching your own vintage clothing business. Set up your virtual store on platforms like Shopify, ThredUp, or Poshmark, and expand your reach by integrating with Etsy and eBay. Profit margins in the vintage clothing business can range from 4% to 20%, with an average reseller earning approximately $300 per month.
Running a delivery service in Canada can be lucrative, especially in areas with numerous offices and businesses. To get started, you’ll need a driver’s license, a reliable and fuel-efficient vehicle, necessary tools and equipment, insurance coverage, and the required licenses and permits. Delivery drivers in Canada earn an average of $20.80 per hour. Explore the best delivery apps and services to kickstart your venture.
Freelance copywriting is a zero-cost, high-demand business idea. Companies frequently require copywriting services to enhance their sales through compelling content. Begin by creating a website for your copywriting business and building an online portfolio showcasing your work. Specify the services you offer, such as website content creation, email marketing copy, or advertising copy. Set your rates, offering both hourly and per-word pricing options to cater to a broad client base. Freelance copywriters can earn between $25 and $100 per hour, depending on their experience and the complexity of the copywriting projects they handle.
With the global online education market expected to reach $198.9 billion by 2030, there’s a growing demand for online English teachers. To get started, obtaining a TEFL certification and undergoing comprehensive training can enhance your marketability. Consider focusing on specific age groups to tailor your teaching approach.
Select a teaching platform such as Zoom, Google Meet, or Skype to deliver your classes. You can set your hourly rate or offer special class packages, providing flexibility for your clients. Depending on your qualifications and the specific teaching job, you can earn between $12 and $40 per hour.
Tutoring is a business with low startup costs and great scalability. To begin, identify your niche and determine your unique tutoring approach. Ensure you have all the necessary paperwork, including legal, regulatory, and financial requirements, in place. Create comprehensive course materials to enhance your tutoring services.
As a private tutor in Canada, your earnings can vary based on your experience level, the subject’s difficulty, and the structure of your services. Typically, tutors can earn anywhere from $30 to $90 per hour.
Many pet owners in Canada find it challenging to allocate time for their furry companions. This presents an opportunity for aspiring entrepreneurs to start a dog walking business. While a business license may not always be mandatory, it’s essential to check with your local municipality for specific requirements.
Determine a fair rate for your services, taking into account the average dog-walking prices in your area as a reference. Many dog walkers charge per appointment with a set duration, making it a convenient and flexible choice. On average, dog walkers can earn between $10 and $40 per walk.
Print-on-demand (POD) products are in high demand, with customers willing to pay a premium for custom designs. To enter the POD business, select your niche and product of focus. Create unique designs with your customers in mind and collaborate with a print-on-demand company like Printify.
To showcase your products, establish a Shopify store and promote your offerings on your online platforms. Leveraging the power of customization and personalization, you can tap into this thriving market.
A handyman business is another profitable venture in Canada, as property owners often require repair and maintenance services. Basic handyman skills encompass carpentry, plumbing, electrical work, appliance installation and repair, and general property maintenance.
Depending on your location and the nature of the work, you may need to obtain permits and insurance to perform residential or commercial tasks in Canada. On average, handymen in Canada earn around $25.53 per hour, making it a rewarding and sought-after profession.
If you have a passion for photography, why not transform it into a thriving photography business? Begin by investing in the necessary photography equipment and consider attending workshops to further hone your professional skills.
Utilize legal contracts and agreements when dealing with both vendors and clients to ensure smooth and transparent interactions. It’s also prudent to secure small business insurance for added protection. Professional photographers can typically earn between $100 and $250 per hour, depending on their level of experience and the specific services they offer.
Local businesses often require assistance with their social media marketing efforts, making it a lucrative avenue for those proficient in platforms like Instagram, TikTok, and Facebook. Consider establishing a social media marketing agency.
Select a niche or industry to focus on and expand your services as your business grows. Offer diverse social media marketing packages to provide clients with a range of pricing options. On average, social media managers earn an annual income of $50,000, which equates to approximately $25.64 per hour.
If you possess marketing expertise, launching a marketing consulting service is a viable and low-cost business idea. Earning relevant certifications can bolster your credibility in the field and enable you to command higher rates.
Certifications such as Google Analytics IQ, Google Ads Search Certification, and OMCP Digital Marketing certification are highly regarded in the industry. Marketing consultants in Canada typically earn an average salary of $88,699 annually, equivalent to approximately $43 per hour
Catering is a highly profitable business idea, with the catering market projected to reach $3.78 billion. The initial investment can vary, ranging from $5,000 to $50,000, depending on the type of catering business you intend to establish.
To get started, register your business and obtain the necessary permits and licenses. Create a menu that caters to your target market, offering both packages and customizable options. Catering services in Canada yield an average annual income of $57,174, making it a lucrative venture for food enthusiasts.
Web development remains one of the most in-demand skills in Canada, presenting a golden opportunity for web developers to launch their businesses. Define your target clients and establish a niche that sets you apart from the competition.
Clearly outline the services you offer to help clients understand your specialization. When it comes to pricing, offer flexible options, including per-project rates, hourly fees, and package deals. Web developers in Canada can earn an annual income ranging from $48,048 to $100,000, depending on their level of expertise.
Businesses frequently enlist the services of virtual assistants to handle administrative tasks, and the demand for these professionals continues to rise. Setting up a virtual assistant business requires minimal upfront costs, typically involving only a computer and a reliable internet connection.
Independent virtual assistants in Canada often charge between $25 and $50 per hour, with experienced VAs commanding higher rates. This burgeoning field offers considerable earning potential, particularly for those with excellent organizational and administrative skills.
Digital marketing remains a cornerstone of modern marketing strategies, with 86% of marketers reporting increased brand awareness through digital channels. Entrepreneurs well-versed in digital marketing can establish a business with minimal startup costs.
When determining your pricing, you can opt for an hourly rate or structure your services on a flat retainer basis. Offering a range of package options on your website provides clients with the flexibility to choose the solutions that best suit their needs. The average income of a digital marketer in Canada is $57,500 per year, equivalent to $29.49 per hour. Seasoned professionals in the field can earn up to $78,000 annually.
As a fitness enthusiast, transforming your passion into a personal trainer business is a rewarding endeavor. The total revenue of the fitness industry in Canada is expected to reach $376 million by 2026, highlighting the potential for personal trainers to thrive.
To become a personal trainer, consider obtaining relevant certifications that enable you to work with clients professionally. These certifications not only enhance your competitive edge but also allow you to command higher rates. In Canada, personal trainers can earn an average of $28.58 per hour,
Appliance repair is a business that never goes out of style, as many households prefer repair over replacement for their malfunctioning appliances. To embark on this journey, you may need to complete an appliance repair program or apprenticeship. It’s also important to obtain trade certification from a relevant regulatory authority.
Appliance repair professionals can earn hourly rates ranging from $130 to $260, often accompanied by a service fee for home visits. Offering swift and efficient repair services can lead to a loyal customer base.
Selling through Amazon’s FBA program is an appealing way to generate passive income. FBA allows you to store your inventory in Amazon’s warehouses and handle order fulfillment through the platform. While you’ll incur storage fees, the convenience of prime shipping and fast delivery is a significant advantage.
Selecting in-demand products ensures that items don’t linger in Amazon’s warehouses, allowing you to maximize your earnings. Amazon FBA sellers typically achieve monthly sales ranging from $1,000 to $25,000, offering substantial income potential.
With a growing number of dog owners in Canada, a dog grooming business is a lucrative prospect. To establish yourself as a dog groomer, consider obtaining certification from the National Groomer Association of Canada and investing in pet grooming courses and seminars to refine your skills.
Professional dog groomers can command competitive rates, with earnings averaging approximately $21.28 per hour. Exceptional service and care for clients’ beloved pets can result in a thriving and fulfilling business.
With the rising costs of child care and a shortage of childcare services in Canada, starting a child daycare business is a promising endeavor. You can initiate your daycare with a budget of under $5,000. However, it’s crucial to ensure compliance with professional certification and licensing regulations in your operating area.
Daycare owners in Canada enjoy a comfortable annual base income of around $81,023, offering both a fulfilling profession and a rewarding business opportunity.
Security remains a top priority for homes and businesses, with the security industry projected to reach a market value of $643.80 million by 2027. To establish a security company, apply for a security guard business license and register with your respective Canadian province. Be prepared to provide personal and business documentation to obtain the necessary license.
Security guards working in Canada can earn median salaries of $18.30 per hour, with the highest rates reaching $26.92. Ensuring the safety and protection of clients’ properties is the core mission of a security company.
Creating captivating content on YouTube is a highly profitable business idea, with numerous Canadian creators earning $100,000 or more on the platform. To monetize your YouTube channel, select a specific niche that aligns with your passions and expertise.
Begin crafting relevant content using accessible tools such as your smartphone. YouTubers generate income through Google AdSense, brand partnerships, affiliate marketing, merchandise sales, and online courses. Earnings can range from $3 to $5 per 1,000 video views, offering a creative outlet with substantial financial rewards.
With the Canadian travel and tourism industry set to reach $16 billion in 2023, becoming a tour guide is a promising business opportunity. If you possess in-depth knowledge about a specific area and its history, this profession might be perfect for you.
Starting a tour guide business typically requires minimal overhead, involving only a computer, a mobile phone, and an internet connection for booking tours. You can structure your charges based on hourly, half-day, or full-day tours or offer multi-day packages to accommodate diverse preferences.
The average salary of a tour guide in Canada hovers around $19.47 per hour, providing an excellent way to combine your passion for travel with a thriving business endeavor.
Each of these business ideas presents a unique opportunity for Canadian entrepreneurs to embark on a rewarding journey while keeping initial investments in check. Remember to conduct thorough research, adhere to any relevant legal and regulatory requirements, and provide exceptional service to nurture a thriving and prosperous venture. Whether you’re looking for a side hustle or a full-time business, these options offer diverse pathways to success in the Canadian business landscape.
Embarking on a dropshipping business is an ingenious, low-cost venture that’s gaining traction in Canada. In this business model, a third-party supplier stores and ships merchandise to buyers on your behalf, reducing the need for inventory management and substantial upfront costs.
Look for dropshipping suppliers operating within Canadian warehouses, such as Spocket and DropCommerce, to expedite shipping processes and ensure swift delivery to your customers. To get started, establish your online store using popular e-commerce platforms like Shopify or BigCommerce and connect it to your chosen dropshipping supplier.
Earnings in the realm of dropshipping can be significant, with some entrepreneurs reaching up to $100,000 in their first year of operations. This business allows for flexibility and scalability as you refine your product selection and marketing strategies.
Leverage your property to generate additional income by renting it out through platforms like Airbnb. Whether you have a spare room or an entire house, Airbnb provides a user-friendly platform for property owners to connect with travelers seeking unique accommodations.
Sign up on Airbnb and furnish all necessary details, providing accurate descriptions of your property. High-quality photographs showcasing your home and its neighborhood can significantly enhance its appeal. To determine your nightly rate, Airbnb factors in your location and similar listings in your area. The average rent for a two-bedroom purpose-built rental is approximately $1,258, and for a two-bedroom condominium apartment, it’s around $1,930.
The demand for professional cleaning services is on the rise, making the cleaning business a lucrative option. As cleanliness and sanitization become top priorities, you can establish your cleaning business with the potential for steady growth.
To get started, ensure you obtain the required licenses and meet regulatory requirements. Additionally, securing insurance coverage safeguards your business and provides peace of mind for clients. Equip yourself with the necessary cleaning tools and supplies to deliver high-quality services.
Offer transparent pricing guides that factor in variables such as property size, cleaning time, and average costs. Creating an informative website or blog that outlines your services, certifications, and customer testimonials can help attract clients. In Canada, cleaning businesses can earn anywhere from $100 to $300 per cleaning, depending on the property’s size and specific cleaning requirements.
With online education projected to reach $57.42 billion in 2023 and a user base expected to grow to 920.8 million users by 2027, there’s a substantial opportunity for course creators. If you possess expertise or solutions in a particular field, consider developing an online course.
Choose a suitable platform like Udemy or Teachable that allows you to create and market your course in various formats. Successful online course creators can generate monthly earnings ranging from approximately $1,000 to $10,000 on average. Your potential income depends on factors such as your niche, course pricing, audience size, and conversion rates.
Artisans with unique craft skills have a valuable opportunity to sell handcrafted goods online. To get started, purchase your materials from craft suppliers in bulk to streamline production. Establish your shop on online marketplaces dedicated to handmade crafts, such as Etsy, Shopify, eBay, or Instagram.
The average income of an Etsy shop owner specializing in handmade goods is approximately $44,380. These platforms offer a vast customer base and the potential to turn your creative talents into a profitable business.
Subscription boxes have garnered immense popularity, with experts forecasting the subscription business to reach $478.2 billion by 2025. Initiating a subscription box service allows you to provide curated, exciting experiences to subscribers while enjoying a steady revenue stream.
To launch this business, choose your subscription products and establish competitive pricing. Typically, one-year subscriptions are priced more attractively than month-to-month options to incentivize longer commitments. Set up your online store, complete with compelling product photos and descriptions.
Subscription boxes offer profit margins of around 40% to 60%, with average subscription prices ranging from $10 to $40 per month. The recurring revenue model offers sustainability and the potential for substantial earnings.
Operating a food truck in Canada is a lucrative business idea, especially as the market size for street vendors is projected to reach $234.9 million in 2023. What sets food trucks apart is their lower startup costs, making it an ideal choice for aspiring restaurateurs.
Start your food truck venture with an initial investment ranging from $40,000 to $200,000, considerably less than what’s required for a brick-and-mortar restaurant. Food truck owners in Canada can earn an annual income of approximately $500,000, and the potential for profitability is substantial.
For those with a budget of around $100,000, launching a car wash business is a profitable option. Canada’s population and high disposable income make this a promising venture. To initiate this business, you’ll need a valid driver’s license, a business license, and liability insurance.
Car wash business owners can earn an average of $41,000 a year, making it a viable and potentially lucrative option for entrepreneurs. The ongoing need for car maintenance and appearance maintenance ensures a steady stream of customers.
Driving schools offer a promising business opportunity in Canada, given the significance of driving as a means of transportation and a symbol of independence. Requirements to start a driving school may vary by location.
Coffee remains a thriving business in Canada, with the hot coffee market valued at $23 billion in 2021. It’s an ideal venture for immigrants and locals who share a love for coffee.
You can start your own coffee stand or purchase a coffee cart business for approximately $20,000. Here’s how to get started:
Launching a painting business is a profitable venture in Canada, thanks to its low startup costs and high-profit margins. To get started, follow these steps:
In Toronto, painters can command rates of up to $50 per hour, while the average salary of a painter in Canada is $41,925, which translates to $21.50 per hour.
Event planning is a dynamic industry in Canada, projected to grow by 2.5% and reach $2.3 billion in 2023. Here’s how to establish your event planning business:
An event planner in Canada can earn an average income of $46,020 per year, or $23.60 per hour, while more experienced planners can potentially earn up to $56,788 annually.
A landscaping or lawn care business can provide year-round income, from mowing lawns in the summer to shoveling snow in the winter. Here’s how to get started:
The average salary in the landscaping industry in Canada is $42,900 per year or $22 per hour.
Providing accounting services is a financially rewarding business idea in Canada. The government’s Job Bank expects strong job prospects for accountants until 2028. To start your accounting business:
The average salary of a CPA in Ontario is $185,000, with a median salary of $130,000.
The demand for home inspectors remains steady as long as people continue to buy properties, as these services are typically needed before a property is purchased. To become a registered home inspector:
The hourly wage for a home inspector in Canada ranges from $23.99 to $50, depending on the location.
Graphic design is a highly lucrative business idea, with the industry generating $1.3 billion in revenue by the end of 2022. If you’re proficient in graphic design, here’s how to get started:
A graphic designer can earn an average of $46,810 per year or $24.01 per hour. More experienced graphic designers can make up to $62,063 per year.
The property management industry in Canada is expected to experience steady growth as rental income continues to rise. Here’s how to start your property management business:
The annual salary of a residential real estate agent in Canada ranges from $27,446 to $134,783, with a median income of $46,212.
With nearly 8 million pet owners in Canada, selling pet supplies is a sensible business opportunity. To open a pet supply store:
In 2019, Canadians spent over $9 billion on pets, pet food, and veterinary care, with spending on pets increasing by 17.1% from 2018 to 2021.
The electronics and computer repair industry revenue is expected to reach $1.7 billion in 2026. To get into technology repair, you’ll need to obtain specific certifications, such as CompTIA A+ or Server+.
The average base salary of an electronics technician in Canada is $24 per hour, with rates varying by location. In Burnaby, BC, the hourly rate is $37.53.
Starting a bookkeeping business can be profitable and straightforward, requiring technical skills, a computer, and an internet connection. To enhance your business’s legitimacy, attend training courses and obtain certifications.
The hourly rate for a bookkeeper can vary by location, with a median rate of $25. It can be as low as $13.60 in Nova Scotia or as high as $64.66 in Nunavut.
The demand for special needs teachers is increasing in Canada due to the nature of their work. Special needs teachers provide specialized instructional services to children with various developmental and learning disabilities. Depending on your location, requirements may include a minimum of four years of post-secondary education.
In Alberta, the average salary of a special needs teacher is $79,957, or $44.80 an hour.
Franchising is a significant industry in Canada, contributing over $100 billion annually to the economy. Franchise startup costs can range from $10,000 to $5 million, with the majority falling between $100,000 and $300,000.
The average gross sales for a franchise in Canada is $955,000, depending on the franchise type, location, and other factors.
If you are skilled with a musical instrument or possess an excellent singing voice, consider teaching music and voice lessons. Depending on your location, you may need certification from a regulatory body before working as a music teacher.
The average music teacher’s salary in Canada is $46,800 per year or $24 per hour. More experienced music teachers can earn
The Heating, Ventilation, and Air Conditioning (HVAC) industry continues to thrive as people constantly need heating, cooling, and ventilation in their homes and businesses throughout the year. To start an HVAC business, you’ll want to:
If you have a passion for baking, it can be profitable to open a bakery business. Retail sales of bread in Canada remain high and continue to grow every year. With an estimated budget of $50,000, you can start your own bakery business. Here are the basic steps to start:
Starting a profitable business in Canada is an exciting venture, but it requires careful planning and execution. Here’s a step-by-step guide to help you turn your business idea into a successful and profitable enterprise.
Select a business idea that aligns with your passion and has the potential to meet the needs of a target market.
Conduct thorough research on your product or service, market trends, and competitors. Understanding your market is key to success.
Define your target audience to tailor your product or service to their specific needs and preferences.
Develop a well-structured business plan that outlines your business goals, strategies, and financial projections. Don’t forget to include an exit strategy.
Establish relationships with reliable suppliers to ensure a consistent and quality supply of products or materials.
Build a strong brand identity that reflects your values and resonates with your customers. Trust is essential for long-term success.
Build a professional website to introduce your business to a wider audience. An online presence is crucial in today’s digital age.
Decide on the legal structure of your business, whether it’s a sole proprietorship, partnership, corporation, or LLC.
Register your business with the appropriate authorities and acquire the necessary licenses and permits.
Open a dedicated business bank account and use accounting software to track your finances accurately.
Protect your business with the right insurance coverage. This is essential to mitigate risks and liabilities.
Use a mix of free, low-cost, and paid marketing strategies to promote your product or service. Build a strong online presence through social media and content marketing.
Plan for scalability as your business grows. Consider how you can expand your operations and reach new markets.
Continuously look for opportunities to expand and diversify your business. Explore new markets and innovative product offerings.
Before diving into entrepreneurship, it’s important to weigh the pros and cons of starting a business in Canada.
Travel agencies in Canada are the fastest-growing sector, with a projected 28.3% revenue growth for 2023-2024.
The five most profitable businesses in Canada are healthcare (primary care doctors), Real Estate Investment Trusts (REITs), commercial banking, law firms, and apartment rentals.
Safe investments in Canada include high-interest savings accounts, Guaranteed Investment Certificates (GICs), treasury bills, money market funds, bonds, NHA Mortgage-Backed Securities, fixed annuities, and dividend-paying stocks.
Businesses in the food, pharmaceutical, healthcare, education, and sin industries are always in demand as they cater to basic human needs.
