We use data from a nationally representative survey of Canadian firms in 2011, 2014 and 2017 and ask whether immigrant-owned small- and medium-sized firms were more likely than those owned by Canadian-born individuals to implement an innovation. We examined the likelihood of implementing product, process, organizational and marketing innovations, and five types of intellectual property: registered trademarks, patents, registered industrial designs, trade secrets and non-disclosure agreements. The methodology consists of using a coarsened exact matching (CEM) followed by a probit-based analysis to control for both firm and owner characteristics. Both adjusted and unadjusted results indicate that an immigrant-owned firm was more likely to implement a product or process innovation, regardless of whether the immigrant owner was a recent or longer tenured immigrant.