Canada's 50 biggest private companies (2024)

Companies that do not issue publicly traded shares in Canada are a huge part of the economy. Many are subsidiaries of multinationals, or are family-owned or co-ops. We rank them by revenue, the one significant financial measure they all disclose.

View more rankings: Top 1000, revenue and market cap, andreturn on equity.

For professionals, a more comprehensive and complete database of Canadian corporate information is available for purchase in the Globe Data Store. We have improved on what we have offered in previous years in two separate packages based on whether your needs are research or sales prospecting. Find in-depth financial and contact information, total compensation for every CEO on the Top 1000 and more.

Notes: For ranking purposes, figures from companies that report in foreign currencies have been converted to Canadian dollars and partial-year results have been annualized. Foreign currencies are converted at the end of the relevant fiscal period for balance sheet items and at the average exchange rate for the relevant period for earnings items. Footnotes: 1. Company reports in U.S. dollars. 3. Figures have been annualized in latest year. Abbreviations: n/a = not available, n/m = not meaningful.

Canada's 50 biggest private companies (2024)

FAQs

What are private companies in Canada? ›

Under Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), section 89(1), a private corporation is a corporation resident in Canada that is not a public corporation and not controlled by one or more public corporations (other than venture capital corporations prescribed in the Income Tax Regulations, C.R.C. 1978, c. 945).

How many Fortune 500 companies are Canadian? ›

Fortune has published its much-anticipated Global 500, its annual look at the companies around the world that generate the most revenue. Organisations from 34 countries are present in the ranking and Canada is one of them, bringing 11 businesses to the list.

What is the number 1 privately owned company? ›

Cargill kept its number one spot for the third consecutive year. Koch Industries, Publix Supermarket and Mars take the 2nd, 3rd and 4th spots respectively, the same ranks as last year. Texas-based supermarket chain H-E-B moved back into the top five after dropping to No. 6 in 2022.

How many private businesses are there in Canada? ›

Number of businesses

As of December 2022, there were 1.22 million employer businesses in Canada. Of these, 1.19 million (97.8%) were small businesses, 23,395 (1.9%) were medium-sized businesses, and 3,128 (0.3%) were large businesses.

What part of Canada is privately owned? ›

About 89% of Canada's land area (8,886,356 km2 or 3,431,041 sq mi) is Crown land: 41% is federal crown land and 48% is provincial crown land. The remaining 11% is privately owned.

How big is the private sector in Canada? ›

As of 2021, small businesses employed 8.2 million individuals in Canada, or 67.7% of the total private labour force. By comparison, medium-sized businesses employed 2.5 million individuals (20.4% of the private labour force) and large businesses employed 1.4 million individuals (11.8% of the private labour force).

What is a Canadian-controlled private company? ›

Canadian-controlled private corporation (CCPC)

it is a corporation that was resident in Canada and was either incorporated in Canada or resident in Canada from June 18, 1971, to the end of the tax year. it is not controlled directly or indirectly by one or more non-resident persons.

What are the Big 5 in Canada? ›

What Are the Big Five Banks? The Big Five Banks is a term used in Canada to describe the five largest banks: Royal Bank of Canada, The Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and Toronto-Dominion Bank.

What are the Big 4 companies in Canada? ›

The largest firms, commonly called the Big Four, comprise the Canadian affiliates of Deloitte, Ernst and Young, KPMG, and PricewaterhouseCoopers. According to CPAB, the Big Four audit 90 per cent of “reporting issuers” (i.e., public companies) by market capitalization.

Who is the largest private employer in Canada? ›

Canada's Private Sector Union

Total Employees: Next to the Onex Corporation, Loblaws parent company George Weston Ltd. is Canada's largest employer with over 155,000 employees.

What are the top 50 companies called? ›

Nifty 50 are a collection of 50 leading companies of India by market capitalization.

What is the Big 4 company in Canada? ›

The Big Four global accounting networks and their Canadian member firms are: Deloitte Touche Tohmatsu Limited (Deloitte Canada), Ernst & Young Global Limited (EY Canada), KPMG International Limited (KPMG Canada), and PricewaterhouseCoopers International Limited (PwC Canada).

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