In 2023, the self-employed individuals in the financial service activities sector in Canada contributed approximately 30.5 million hours. The forecast indicates a gradual decline in self-employment hours from 2024 to 2028, decreasing from 29.96 million to 28.47 million hours. Year-on-year variations show declines of 1.67% for 2025 compared to 2024, 1.36% for 2026, 1.13% for 2027, and 0.91% for 2028. Over the five years, the compounded annual growth rate (CAGR) is approximately -1.02%, suggesting a consistent reduction in self-employment activity within the sector.
Future trends to watch for include technological advancements in financial services, increasing automation, and regulatory changes that may influence self-employment opportunities. Monitoring these factors could provide further insights into potential shifts in self-employment dynamics within Canada's financial services sector.
