The Ernst & Young study reported that more than 70% of Canadian entrepreneurs surveyed were confident in their own country, by far the highest figure. Canada also averages almost nine new businesses registered for every 1,000 people in a given year. Part of the reason for this is a well-established culture of entrepreneurship, with 88% of Canadians saying the country's culture encourages making your own way in life. Canada also leads in startup costs and ease of registry as it only takes one procedure and on average five days to start a business, while the average cost comes in at only 0.4% of per capita income.

"Canada does sound like the startup paradise for G20 counterparts," the report said, citing BizPal as an important online government service that simplifies the permitting and licensing process for entrepreneurs. As for funding, 52% of Canadian respondents said they had easy access to funding, compared with only 36% across the G20; however, 38% of Canadians said bank lending funding had deteriorated, and 50% said access to venture capital had worsened. Canada also ranked high in terms of education, with 72% of Canadian respondents seeing an improvement in coaching programs in the past five years, and 50% calling for coaching as the No. 1 priority in the next three years to improve student perception of entrepreneurship.