Failure rates for small businesses in Canada are high for the first three years and decline over time. About 70% of small businesses that enter the marketplace survive for one full year; half survive for three years. Approximately 25% of small businesses are still operating after nine years. The number of bankruptcies in Canada fell by 50 percent between 1996 and 2006.
From Key Small Business Statistics, Industry Canada, January 2008 – http://strategis.ic.gc.ca/epic/site/sbrp-rppe.nsf/en/h_rd02243e.html