The Best Software Companies in Canada - Money, Eh? (2023)

It is not an exaggeration to argue that software is the way of the future. Artificial Intelligence (AI) and Machine Learning (ML) have already taken over the software industry. With most tasks now being automated, it is nearly impossible not to predict that technology and the software supporting it will continue to advance.

The technology industry has enormous investment potential for major corporations and financial markets alike. The industry’s single largest division is outnumbering the competition by a large margin (including the financial, industrial, and even medical sectors). With a total of 6.648 billion smartphones globally (according to Statista), the total number of software products, mobile apps, and overall software company users exceeds any other industry. It only seems natural for big corporations or enterprise systems to support this sector and use it to their benefit. On the other hand, users welcome this change with open arms as this revolution greatly eases their way of life, providing every utility to their doorstep.

Technology companies are expected to spend a lot of money on research and development. But investors expect a consistent stream of growth fuelled by a pipeline of novel and innovative products, services, and features.

Top 6 Canadian Software Companies You Should Invest In

Here are some of the top software companies to invest in for all Canadian investors looking for excellent investment opportunities that ensure sustainability and profitability.

Constellation Software Inc. (TSX:CSU)

Constellation Software Inc, headquartered in Canada, creates and personalizes software for the public and private sectors. It is a massive corporation with around 25,000 employees that buys, maintains, and develops mission-critical software enterprises in the vertical market. Its activities are divided into two groups: public and private. Communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hotels, and community care are among the sectors its diversified portfolio serves. North America, Europe, Australia, South America, and Africa are all locations where the company operates.

Its revenue increased by 27% to $1,383 million in Q4 2021, compared to $1,091 million in Q4 2020 (4 percent organic growth, 5% after correcting for changes in foreign exchange rates). For the fiscal year results, revenue increased by 29% (7 percent organic growth, 5% after correcting for foreign exchange rate changes) to $5,106 million in FY 2021, up from $3,969 million in FY 2020.

Trading at $2,177.00 as of April 13, 2022 (7:57 AM), it is among Canada’s leading tech companies, with a market capitalization of 46,133,960,810.

CGI Inc. (TSX:GIB)

CGI Inc. is a Canadian IT services company with a presence in North America and Europe. The corporation generates about CAD 12 billion yearly revenue, employs over 80,000 people, and has 400 operations in 40 countries. Consulting, systems integration, application maintenance, and business process services, or BPS, are just a few of the services offered by CGI. Government is the company’s largest vertical market, accounting for more than a third of total sales.

CGI was designated a Top Workplaces USA 2022 on March 16, 2022, being acknowledged for its Employee perks, excellent employee happiness, and a people-first workplace and ownership culture. In addition, CGI inaugurated a new office in New Brunswick, New Jersey, on April 6, 2022. The 11,500 square-foot facility will be CGI’s main office in New Jersey and will employ more than 250 people in the area.

Trading at $101.89 as of April 13, 2022 (8:32 AM), the company ranks supreme among the top software development companies with a market capitalization of 24,796,125,448. Furthermore, the EPS of 5.67 and the P/E ratio of 18.00 reflect this stocks’ profitability and exceptional growth potential.

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Descartes Systems Group Inc. (TSX:DSG)

Descartes is the world’s leading provider of on-demand, software-as-a-service solutions for logistics-intensive enterprises, emphasizing increasing productivity, performance, and security. The Descartes Systems Group offers a custom software solution that allows shipping sector users to connect with each other. The Global Logistics Network is the company’s main offering, and it’s best described as transaction-driven. Descartes charges clients for using the GLN to send and receive messages, data, and documents (the transactions). Customers usually sign a long-term (multiyear) contract with a monthly minimum.

Descartes Systems announced on April 12, 2022, that Eurochoice, based in the Netherlands, is employing the cloud-based Descartes MacroPoint™ solution for real-time insight into the logistics (status and location) of ocean shipping containers as they are carried to recipient countries.

Trading at $80.50 as of April 13, 2022 (5:10 PM), this custom software development company is leading the market in software products. A healthy trading volume of 190,874 shows that it is the best time to invest in this company.

Shopify Inc. (TSX:SHOP)

Shopify is a popular eCommerce solutions platform for small and medium-sized enterprises. Subscription solutions (43 percent of fiscal 2018 sales) and merchant solutions are the company’s two segments (57 percent of fiscal 2018 sales). Shopify merchants can perform e-commerce on a multitude of platforms, including the firm’s site, brick-and-mortar locations, pop-up stores, kiosks, social networking sites (Facebook), and Amazon, thanks to the subscription solutions section. In addition, merchant solutions, such as Shopify Payments, Shopify Shipping, and Shopify Capital; are add-on products for the platform that help with e-commerce.

Shopify is undoubtedly one of the top eCommerce companies in Canada.

Its overall sales in 2021 were $4,611.9 million, up 57 percent from the previous year. Revenue from Subscription Solutions increased by 48 percent to $1,342.3 million, while revenue from Merchant Solutions increased by 62 percent to $3,269.5 million.

Trading at $759.17 as of April 13, 2022 (5:20 PM), the technology company holds a market capitalization of 95,618,775,624 and encompasses a range of industries within the e-commerce sector. With an exceptional trading volume of 222,475, it is among the biggest companies with the safest stocks. Moreover, the excellent EPS of 29.24 further cements its status as a high-earning software company.

Absolute Software Corporation (TSX:ABST)

Absolute Software Corp is a company that develops, markets, and sells a cloud-based endpoint visibility and control platform for managing and securing computer devices. Its primary source of revenue is the United States, but it also has operations in Canada and the rest of the world. Education, Healthcare, Government, Professional Services, and Financial Services are all served by it. Subscription and support revenues are the primary sources of revenue for the company.

Absolute has improved its Secure Access solution range (previously NetMotion by Absolute), allowing customers to reduce risk and enhance user experience in today’s borderless, work-from-anywhere workplaces. In addition, on March 30, 2022, Absolute Software was awarded a coveted 5-star rating by CRN ®, a brand of The Channel Company, in its Partner Program Guide for 2022.

Trading at $10.35 as of April 13, 2022 (5:32 PM), it is a leading tech hub among security software development agencies. Paying a quarterly dividend of 0.08 CAD per share, this is surely a profitable investment.

Nuvei Corporation (TSX:NVEI)

Nuvei Corp provides merchants and partners with innovative technology for payment solutions. Through a single integration, it offers organizations with the intelligence and technology they need to thrive locally and internationally, propelling them further and quicker. It helps businesses eliminate payment obstacles, reduce operating expenses, and enhance acceptance rates by combining payment technology with consultancy. Its patented technology connects retailers with their buyers in 200+ markets worldwide, with local acquiring in 46 of them. In addition, merchants can take advantage of any payment opportunity with support for over 530 local and other payment methods, including cryptocurrencies and almost 150 currencies.

Nuvei Corporation announced its collaboration with nextmarkets, one of Europe’s most innovative commission-free online brokers, on April 12, 2022, assisting nextmarkets in cementing their skills in the markets and powering their expansion outside of Europe using Nuvei’s payment platform.

Trading at $84.64 as of April 13, 2022 (6:24 PM), this company shows a phenomenal growth rate. A market cap of 12,099,060,742 and a trading volume of 164,166 are enough to visualize its exceptional growth in the previous years.

Why You Should Invest in Top Software Company Stocks in Canada

Innovative technologies are becoming increasingly accessible, and most business processes have already been automated. This expansion has witnessed exponential growth since the introduction of cloud services. With mobile apps and other innovative products emerging from Silicon Valley at a fast pace, now is the best time to invest in this booming industry.

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Mobile apps for online banking, grocery shopping, and even appointment and meeting reservations have focused on user experience. Yet, by unlocking the hidden doors to human psychology, these software industries have made themselves indispensable in our lives.
Considering all of these facts, it is easy to see why this industry has so much to offer for investors and customers alike. Business owners are paying close attention to this industry, and now is the best time for investors to invest and reap the benefits afterwards.

The Bottom Line

Business models are shifting online. If we learned anything in 2020, it has to be the importance of the tech industry. The world is moving towards a work-from-home setup at a breakneck speed, and the opportunity has naturally presented itself. According to analysts, the Tech industry is the single best option for investment in this decade.

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fintech companies canada

Media Stocks Canada

Canada is home to more than 4,000 software companies. Software is a part of the booming Canadian economy and continues to grow. This article explores which software companies operate in Canada, from large companies such as Shopify to small penny stock software companies.

This fast-growing industry has evolved from its humble beginnings, with Canada bringing some big names to the international stage. As a result, the software industry has much to offer investors and talent in the tech sector.

Our tech hubs are now across the map, mainly in Ontario, but have also grown in Vancouver & Calgary. They are creating a significant amount of jobs, attracting talent & generating a massive opportunity for investors.

The Best Software Company Stocks in Canada

So, of course, you’ve heard of Shopify, but many other large software companies were founded/headquartered here in Canada. We go over the big players and some of the upcoming penny stocks later on.

Best Large Market Cap

You may not have some of these names. They may not have substantial public exposure; they may not operate well-known apps or software. Still, these enterprise B2B companies have shown outstanding performance in the software sector and deal with large international clients.

Shopify Inc.

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company’s platform offers merchants the to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Constellation Software Inc.

Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses in the United States, Canada, Italy, Germany, India, United Kingdom, Brazil, Switzerland, Austria, Israel, and internationally. It operates through two segments, Public Sector and Private Sector. It serves government and government-related customers, as well as commercial customers. Constellation Software Inc. was founded in 1995 and is headquartered in Toronto, Canada.

Open Text Corporation

Open Text Corporation provides a suite of software products and services. The company offers content services; a business network that manages and connects data within the organization; Cyber Resilience, a solution for defending against cyber threats and preparing for business continuity and response in the event of a breach; OpenText security solutions that address information security and digital investigations; AI and analytics that leverages structured or unstructured data; and OpenText Information Management software platform that provides multi-level, multi-role, and multi-context security information platforms. It also offers digital process automation, which enables organizations to transform into digital data-driven businesses through automation; Customer Experience Management, a set of processes used to track customer interactions throughout the customer journey; and Discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. In addition, the company offers customer support programs that include access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets. Further, it provides professional services, such as consulting and learning services relating to the implementation, training, and integration of its licensed product offerings and cloud services. The company serves organizations, enterprise companies, mid-market companies, and public sector agencies worldwide. It has strategic partnerships with SAP SE, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Google Cloud, Amazon AWS, Accenture plc, Deloitte Consulting LLP, Tata Consultancy Services, ATOS, ATOS International SAS, Capgemini Technology Services SAS, and Cognizant Technology Solutions U.S. Corp. The company was founded in 1991 and is headquartered in Waterloo, Canada.

Lightspeed POS Inc.

Lightspeed POS Inc. provides a commerce-enabling software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed with interrelated elements, such as omnichannel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments. Its platform functionalities include full omnichannel capabilities, order-ahead and curbside pickup, point of sale, product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, loyalty, customer management, and tailored financial solutions. The company also offers Lightspeed Loyalty; Lightspeed Analytics; Lightspeed Payments, a payment processing solution; and Lightspeed Capital, a merchant cash advance program. In addition, it sells a suite of hardware products to complement its software solutions for the retail and hospitality segments, such as customer-facing displays, stands, barcode scanners, receipt printers, cash drawers, payment terminals, and an assortment of other accessories, as well as provides installation and implementation services. The company was formerly known as LightSpeed Retail Inc. and changed its name to Lightspeed POS Inc. in October 2014. Lightspeed POS Inc. was incorporated in 2005 and is headquartered in Montréal, Canada.

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Kinaxis Inc.

Kinaxis Inc. provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, a cloud-based software-as-a-service platform that empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste. It also provides demand planning, supply planning, inventory management, sales and operations planning, and command and control center services. It also offers professional services, such as implementation, configuration, technical and training, and maintenance and support services to its software products. The company serves technology and electronics, aerospace and defence, life sciences and pharmaceuticals, industrial, automotive, consumer products, and retail markets. The company was formerly known as webPLAN Inc. and changed its name to Kinaxis Inc. in May 2005. Kinaxis Inc. was incorporated in 1984 and is headquartered in Ottawa, Canada.

The Descartes Systems Group Inc.

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions, focusing on enhancing logistics-intensive businesses productivity, performance, and processes worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services, and broker and forwarder enterprise systems. It offers its customers use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based eCommerce warehouse management solutions, consulting, implementation, training, and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, distribution-intensive companies, manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.

Dye & Durham Limited

Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. Its cloud-based platform automates public records, due diligence searches, document preparation, electronic public records for legal, due diligence, corporate formation and maintenance, lien registration, litigation, and real estate conveyancing. The company was founded in 1874 and is headquartered in Toronto, Canada.

Topicus.com Inc.

Topicus.com Inc. provides vertical market software and vertical market platforms in Europe. The company acquires, builds, and manages various vertical market software businesses, which offer software solutions that address the particular needs of customers. It serves accountancy, agriculture, associations, automotive, central government, education, facility management, finance, healthcare, hospitality, legal, local government, manufacturing, mobility, real estate, and retail. The company was incorporated in 2020 and is headquartered in Toronto, Canada.

Enghouse Systems Limited

Enghouse Systems Limited develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various interactions, including voice, email, webchats, text, and video. Its technologies include contact center, video collaboration, interactive voice response, outbound dialers, attendant console, agent performance optimization, business intelligence, and analytics deployed in private, multi-tenant, or on-premise environments. This segment serves insurance companies, 5G companies, banks, business process service providers, and technology and health care companies. The Asset Management Group segment offers a portfolio of software and services to cable operators, network telecommunication providers, media, transit, defence, and public safety companies. This segment’s products include network infrastructure, operations support systems, business support systems, and video and cloud TV solutions. In addition, this segment also provides fleet routing, dispatch, scheduling, transit e-ticketing and automated fare collection, communications, and emergency control center solutions for the transportation, government, first responders, distribution, and security sectors. The company was incorporated in 1984 and is headquartered in Markham, Canada.

LifeWorks Inc.

LifeWorks Inc. provides technology-based human resources consulting services in Canada, the United States, and internationally. It provides health and productivity, administrative, and retirement solutions to assist employers in managing their employees’ financial security, health, and productivity. The company offers health and productivity services, including absence and disability management, Internet-based cognitive behavioural therapy, safety groups, influence care, and workers’ compensation services; and administrative solutions, such as defined benefit and contribution pension administration, employee self-service, health and benefits administration, and human resources contact centers, as well as pension and benefits software. It also provides modern employee assistance, wellness, news feed and recognition, perks and savings, workplace learning, total health index assessment, workplace mental health, children’s support, traumatic event support, workplace support programs, domestic and international student support, and HR support solutions. In addition, the company offers retirement solutions comprising actuarial; compensation consulting; defined contribution consulting; international pension regulatory; investment consulting; governance, legal, and compliance; pension sustainability and design; pension regulatory; pooled registered pension plans and voluntary retirement savings plans; and retirement planning and total plan solutions.

Further, it provides asset and risk management and communication and changes management solutions. The company was formerly known as Morneau Shepell Inc. and changed its name to LifeWorks Inc. in May 2021. LifeWorks Inc. was founded in 1962 and is headquartered in Toronto, Canada.

Docebo Inc.

Docebo Inc. provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and Asia-Pacific. Its platform helps customers centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly. The company’s learning platform includes Docebo Learn, a foundational module that enables learning administrators to centralize, organize, and distribute learning content, define and track certifications, and measure results with customer reporting; Docebo, Coach & Share provides personalized curated content and access to social learning by sharing of knowledge; Docebo Extended Enterprise that allows businesses to manage various portals for audiences; and Docebo Learning Impact that will enable administrators to capture qualitative data and feedback. It also provides Docebo for Salesforce, a native integration that leverages Salesforce’s application programming interface and technology architecture to produce a learning experience; and Docebo Embed (OEM), which eliminates disjointed learner experiences, long development cycles, and ineffective partner models by allowing original equipment manufacturers to embed and re-sell Docebo as a part of their software. In addition, the company offers a Docebo Mobile App Publisher product that enables companies to create and publish their own branded version of Docebo Go. Learn mobile learning applications, and Docebo Content allows businesses to access mobile-ready material from off-the-shelf courses covering various topics within their learning platforms. It serves customers in the technology, media, manufacturing, consulting and professional services, and retail industries. The company was formerly known as Docebo Canada, Inc. Docebo Inc. was founded in 2005 and is headquartered in Toronto, Canada.

Facedrive Inc.

Facedrive Inc. operates as a ride-sharing company in Canada. It offers Facedrive, a ride-sharing platform, and TraceSCAN, a COVID-19 contact tracing app. The company was incorporated in 2016 and is headquartered in Richmond Hill, Canada.

Thinkific Labs Inc.

Thinkific Labs Inc. operates a cloud-based software platform that enables entrepreneurs and established businesses to create, market, and sell online courses in Canada and internationally. It offers products in the areas of course building, site designing, students support, security, and pricing, as well as sales and marketing. Thinkific Labs Inc. was founded in 2012 and is based in Vancouver, Canada.

Real Matters Inc.

Real Matters Inc. provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand. The company also provides residential and commercial real estate title and closing services for refinancing, purchase, commercial, short sale, and real estate owned transactions to financial institutions under solidifi brand; and offers services required to close a mortgage transaction, including title search, closing and escrow services, and title policy issuance, as well as other title and closing service offerings, such as capital markets services. In addition, it provides access to its software platforms to other title insurance agencies and mortgage lenders for a subscription fee. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was founded in 2004 and is headquartered in Markham, Canada.

Magnet Forensics Inc.

Magnet Forensics Inc. develops data analytics software used for digital forensics investigations to public sector and private enterprises in Canada and internationally. It offers Magnet AXIOM, a digital investigations platform to recover, analyze, and report on the digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM. The company also provides Magnet AUTOMATE, an orchestration and automation tool to enable law enforcement agencies to create automated and repeatable digital evidence processing workflows; Magnet REVIEW to securely share the digital evidence via a single web-based platform; Magnet ATLAS, a workflow orchestration tool to manage cases, generate real-time reports, and track digital investigations; Magnet Digital Investigation Suite that transforms digital investigations with analytics and collaborate agency-wide, securely, and at scale; and Magnet IGNITE, a cloud-based early case assessment triage tool. It serves large government agencies, corporations, and professional services firms. The company was formerly known as JADsoftware Inc. and changed its name to Magnet Forensics Inc. in August 2012. Magnet Forensics Inc. was founded in 2010 and is headquartered in Waterloo, Canada.

That ends our list of large market cap software companies in Canada. Next, we will cover some junior software companies with smaller market caps.

Penny Stock Software Companies in Canada

To save you some time, we recently compiled a list of the best penny stock software companies in Canada with innovative software products brought to market or are in development.

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OEE.VMemex Inc.
IVI.VIvrnet Inc.
ID.V

Identillect Technologies Corp.

ISFT.CN

ICEsoft Technologies Canada Corp.

NPA.VAlphinat Inc.
PAI.VPredictiv AI Inc.
NCI.V

NTG Clarity Networks Inc.

FTEC.V

Fintech Select Ltd.

TKX.V

TrackX Holdings Inc.

LTV.VLeonovus Inc.
EL.V

Engagement Labs Inc.

There is a significant amount of interest and development around AI stocks & companies in Canada, which fall under the Software sector. They are well represented by companies here in Canada!

Below we have given you a list of reliable partnerships that you can consider on a go basis. From multinationals to startups, the pioneering US brands that develop artificial intelligence software have compiled a huge list of companies in Canada that are at your disposal to find the perfect combination. Canadian software companies are ranked based on revenue, profit, assets, employees and companies. Our company website was the source for the company rankings, as it is one of the world’s most comprehensive and comprehensive lists. American companies are on our list, and below is a complete list of trusted partnerships that can be considered at every turn – based on your business needs.

After intensive research, we compiled a list of software development companies in Canada that use our expertise. We have selected the best software outsourcing companies in Canada and present the top 10 companies of their kind. You can find this list on our corporate website, and you can also find it on the corporate website for more information about the companies and their services. The Toronto-based software development company has created one of the most successful software management systems in the world.

The company works with medium-sized companies that hire apps for their business development, marketing and marketing management systems and software development.

Software outsourcing helps companies focus more on their core business and save a lot of money by hiring in-house developers. Well-designed and specific software parts can improve the productivity of companies and run the business. They are working to simplify outsourcing and reduce costs and time to market. Highest – Paid software engineering companies in Canada, ensuring the highest quality of their products and services.

On the other hand, custom software development companies in the US will update and maintain your product as soon as you need to use it. We are pleased to help companies grow their business through customized software development. They work on a global scale, working on digital programs that enable them to recruit top teams worldwide, access a large talent pool and minimize development costs, “their website states. This is one of the best software companies in Bangalore, known for its high-quality software and engineering services.

As a result, we can see the zeal with which many software developers in Canada are working to kill market demand more reliably. If you want to outsource your software projects, then you should deal with this company.

This post is meant to give you a list of the best software companies in Toronto, Canada, to help you find valuable partners. Find, filter and filter these companies according to your needs and look for the software development companies of Toronto, Canada, that outsource to startups and companies. On the following pages, you can read how to offer your popularity and your company as a hub to software development companies in Toronto. Individual development for B2B and B 2C products and websites and personal development of web applications and services.

Constellation Software and CGI are among the 30 largest companies in Canada by market capitalization. This makes them the second-largest software company in Toronto and the third-largest in the United States.

Although CGI Inc. is more of a software company, it also develops cloud-based solutions to exchange information and data. The company was ranked first in Forbes “global ranking of Canada’s best software companies by market capitalization in 2019. Regardless of the 2016 census, this is Canada’s second-and highest-paid Linux-based, high-tech and highest-paid software company in the world.

The 500 largest companies in Canada are: Many of these companies offer modern software that works with different tools and frameworks.

The top five Canadian software companies by market capitalization include: Hootsuite has increased its revenues and has become the most prominent “Canadian” software company. From game software providers to betting software, one of the most well-known industries in Canada in recent years has been the ability of betting software providers to demonstrate their capabilities. Klipfolio, Inc. is a Canadian software company founded in 2001 and headquartered in Ottawa, Ontario. The KlIPfolio team describes its work: HootSuite was founded in 2008 by Ryan Holmes and is the second-largest company in its industry with annual revenue of $1.5 million.

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Sources

FAQs

What is the best IT company in Canada? ›

Best 10 Companies in the Tech Industry to Work for in Canada
  • Google (1)
  • Microsoft (2)
  • Apple (4)
  • Sage (6)
  • SAP (8)
  • Salesforce (10)
  • Ericsson (14)
  • Accenture (16)
13 Jul 2022

Which company is best for software engineer in Canada? ›

  • Amazon. 3.8★ 147.9K. Reviews. 46.9K. Salaries. ...
  • AMD. 4.2★ 3.7K. Reviews. 679. Salaries. ...
  • IBM. 4.1★ 97K. Reviews. 20.1K. Salaries. ...
  • General Motors (GM) 4.0★ 10.7K. Reviews. 3.8K. Salaries. ...
  • RBC. 4.0★ 12.4K. Reviews. 789. Salaries. ...
  • Google. 4.5★ 37.2K. Reviews. 36.4K. Salaries. ...
  • Intel Corporation. 4.3★ 25.9K. Reviews. 9.2K. ...
  • Capital One. 4.2★ 13.8K. Reviews. 7.5K.

Which software company is the richest? ›

Forbes Global 2000
RankOrganizationHeadquarters
1MicrosoftRedmond, Washington, US
2IBMArmonk, New York, US
3OracleAustin, Texas, US
4SAPWalldorf, Germany Newtown Square,Pennsylvania, US
40 more rows

Which IT job has highest salary in Canada? ›

Here are some of the highest paying jobs in Canada
  • Business Intelligence Analysts - $77,870 per year.
  • Cloud Architects - $121,555 per year.
  • Cloud Systems Engineers - $120,000 per year.
  • IT Project Manager - $91,300 per year.
  • Data Scientists - $85461 per year.
  • Developers (web, software, mobile) - $75,628 per year.
14 Oct 2022

Which IT company pays highest salary in Canada? ›

While there is no minimum salary for a Software Engineer in the Canada, the average salary is CA$131,500. The highest paying company for a Software Engineer in Canada is Amplitude with an average salary of CA$407,650.

How much is a software engineer paid in Canada? ›

The average software engineer salary in Canada is $94,065 per year or $48.24 per hour. Entry-level positions start at $76,891 per year, while most experienced workers make up to $137,317 per year.

What is the best software job in Canada? ›

Best Software jobs
  • Software Engineer, Frontend. ...
  • Software Development Intern - Dash. ...
  • Project Manager - Remote in Canada. ...
  • Junior Software Developer - Canada. VertexOne. ...
  • Junior Software Tester (4 month temporary) new. ...
  • Senior Software Engineer. new. ...
  • SOC Analyst - Remote CAN (1500) new. ...
  • Front-End Software Developer Co-op - Remote. new.

Which engineer earns the most in Canada? ›

Top 10 Highest Paying Engineering Careers in Canada
  • Mechanical Engineer. ...
  • Government Sector. ...
  • Transportation Engineers. ...
  • Structural Engineers. ...
  • Senior Civil Engineers. ...
  • Engineering Inspectors and Regulatory Officers. ...
  • Project Management. ...
  • Geotechnical Engineers.
30 Sept 2022

Can software make you rich? ›

Software engineering is one of the best paid fields to work in. It's definitely possible for Software Engineers to become millionaires. Let's go over the many ways this is possible.

Which company is best for IT jobs? ›

Best Paying Jobs in Technology
Highest paying Technology Companies
Top Tech CompaniesTech company Salary% High Job Satisfaction
Facebook$116,80096%
Google$106,90089%
Microsoft$102,500No Data
16 more rows
2 Apr 2020

What is the 3 richest company in the world? ›

List
RankNameProfit
USD Millions
1Walmart$13,673
2Amazon$33,364
3State Grid$7,137.8
47 more rows

What are the top 3 industries in Canada? ›

The three largest industries in Canada are real estate, mining, and manufacturing.

What are Canada's 3 main industries? ›

Canada's economy includes which three main industries? Service, manufacturing and natural resource industries.

What is the number 1 company in Canada? ›

Brookfield Asset Management

What is the top 5 salary in Canada? ›

Income Percentiles – Top 1%, 5%, 10%, and 50% in Income in Canada
  • The top 1% of income in Canada in 2022 = $258,034.
  • The top 2% of income in Canada in 2022 = $190,119.
  • The top 5% of income in Canada in 2022 = $132,493.
  • The top 10% of income in Canada in 2022 = $102,869.
  • The top 50% of income in Canada in 2022 = $37,695.
8 Jan 2022

Which salary is good in Canada? ›

The average good salary in Canada is $44,850 per year or $23 per hour. Entry-level positions start at $30,956 per year, while most experienced workers make up to $90,714 per year.

Which job is most demand in Canada? ›

Here are the top 10 in-demand jobs in Canada
  • Web Developer. ...
  • Human Resources Managers (HR) ...
  • Electrical Engineer. ...
  • Veterinarian (Vet) ...
  • Human Resources and Recruitment Officers. ...
  • Financial Officers.
  • Web Developer. ...
  • Human Resources Managers (HR)
5 Sept 2022

Which city has highest IT jobs in Canada? ›

Ottawa, Ontario

In fact, Ottawa has the highest concentration of tech workers in Canada, with almost 10% of Ottawa's workforce employed in the tech sector.

What is the salary of IT in Canada? ›

The average it salary in Canada is $69,029 per year or $35.40 per hour. Entry-level positions start at $47,699 per year, while most experienced workers make up to $100,420 per year.

What is a good engineer salary in Canada? ›

The average engineer salary in Canada is $76,180 per year or $39.07 per hour. Entry-level positions start at $60,000 per year, while most experienced workers make up to $109,875 per year.

What is a good tech salary in Canada? ›

What is a good tech salary in Canada? The IT industry provides some of the best salaries in Canada. According to Glassdoor, the national average salary for a Tech job in Canada is $50,237. Entry level technicians can make about $34,125 per year, while most experienced professionals can earn up to $113,006 per year.

Is Canada good place for software engineer? ›

Canadian cities are proving to be popular for software developers as the country has systems in place to expedite work permits. The Global Talent Stream also makes the move easier, as it's catered to highly skilled workers, such as software developers, looking to fill skill shortages.

What are the top 5 jobs in Canada? ›

10 highest paying jobs in canada for 2022.
  • software developer/software engineer. ...
  • financial controller. ...
  • plant manager. ...
  • IT operations manager. ...
  • electrical engineer. ...
  • construction project manager.

Which job gets highest salary? ›

  1. Medical Professionals (Doctors and Surgeons) Healthcare offers one of the highest salary jobs in India. ...
  2. Data Scientist. ...
  3. Machine Learning Experts. ...
  4. Blockchain Developer. ...
  5. Full Stack Software Developer. ...
  6. Product Management. ...
  7. Management Consultant. ...
  8. Investment Banker.
25 Oct 2022

What is the highest paying IT job? ›

The 15 Highest-Paying IT Jobs in 2022
  • Data security analyst. ...
  • Data scientist. ...
  • Network/cloud architect. ...
  • Network/cloud engineer. ...
  • Senior web developer. ...
  • Site reliability engineer. ...
  • Systems engineer. ...
  • Software engineer.
5 Jan 2022

Which skill is in demand in Canada? ›

Some of the top hard skills in demand include:

Programming. Web development. Graphic design. Accounting.

Which IT course is in demand in Canada? ›

These courses include project management, computer programming, and mechanical engineering. Here, we talk about some of the courses in demand in Canada. These courses include project management, computer programming, and mechanical engineering.

Which city in Canada has more job opportunities 2022? ›

The report revealed that Brantford, Ontario is the best city for newcomers to look for jobs in Canada. Despite its small size, the city continues to make inroads when it comes to capitalizing on untapped pool of talent across the country. The unemployment rate at Brantford sits incredibly at 3.6%.

Can Python make you rich? ›

You can also market yourself as a Python developer by writing articles and tutorials. In the U.S., Python developers earn about $110,000 per year, and they are among the best-paid software engineers. Become a freelancer - Freelancing can be a great start for you if you want to make money with Python.

Can I become millionaire by coding? ›

Learning code alone will not help you become a millionaire. You need to have a positive relationship with money. You have to make good connections with those who made it big or have a great vision for making money in the future.

Can a coder Be A millionaire? ›

He co-founded Microsoft with Bill Gates, although we do not hear much of him when people talk of Microsoft. He is a programmer, and did some coding for Microsoft, earning him his shares, which made him a millionaire shortly afterward. Today, he is among the richest programmers in the world.

Which company pays highest salary? ›

1. Google: Google has consistently been ranked top due to its incredible pay and distinctive business procedures. One of India's top workplaces, according to the firm, is India. According to some reports, Google pays its employees a salary that is 40% more than that of other businesses.

Which software company pays highest salary? ›

The highest paying company for a Software Engineer in India is Prophecy with an average salary of ₹12,661,159.

Which IT job is best for future? ›

Top 5 Tech Careers Of The Future
  • Machine learning engineer. This specific branch of artificial intelligence is ideal for those who have a passion for computer science and desire a career in a fast-moving and exciting industry. ...
  • UX designer. ...
  • Robotics engineer. ...
  • Data scientist. ...
  • Cloud engineer.

Who is the No 1 company in world? ›

As of 2022, Apple, Saudi Aramco, and Microsoft hold the top three positions, each with market caps in excess of $2 trillion. Technology and energy companies rank among the most valuable companies in the world today.

What is the 10 biggest company in the world? ›

This can lower or even outweigh potential returns.
  • #1 Walmart Inc. (WMT)
  • #2 China Petroleum & Chemical Corp. (SNP)
  • #3 Amazon.com Inc. (AMZN)
  • #4 PetroChina Co. Ltd. (PTR)
  • #5 Apple Inc. (AAPL)
  • #6 CVS Health Corp. (CVS)
  • #7 Royal Dutch Shell PLC (RDS. A)
  • #8 Berkshire Hathaway Inc. (BRK. A)

Which is the richest country in the world 2022? ›

Here are the 10 richest countries in the world:
  • United States - $18.62 Tn.
  • China - $11.22 Tn.
  • Japan - $4.94 Tn.
  • Germany - $3.48 Tn.
  • United Kingdom - $2.65 Tn.
  • France - $2.47 Tn.
  • India - $2.26 Tn.
  • Italy - $1.86 Tn.

Is Canada richer than USA? ›

The economies of Canada and the United States are similar because both are developed countries. While both countries feature in the top ten economies in the world in 2022, the U.S. is the largest economy in the world, with US$24.8 trillion, with Canada ranking ninth at US$2.2 trillion.

Is Canada richer than UK? ›

Britain's population holds $9.24 trillion (£6.01 trillion) in private wealth, surpassing France, Italy, Canada and Australia. This is despite its relatively small population compared with countries such as Germany, which ranked fourth with a total wealth of $9.36 trillion.

How can I make money in Canada? ›

Less money for effort/time you invest.
  1. 17 Ways to Make Money Quick in Canada. There are both online and offline ways of making quick money in Canada. ...
  2. Sell Used Clothes. ...
  3. Paid Survey Sites. ...
  4. Drive an Uber. ...
  5. Data Entry/Typing Jobs. ...
  6. Find a Remote Job. ...
  7. Virtual Assistant. ...
  8. Become a Caregiver.
14 Sept 2022

Is Canada a wealthy country? ›

Canada is the 8th wealthiest country with USD 6.2 trillion in total private wealth. Canada has 364,100 individuals with more than 1 million dollars in net worth, 12,220 multi-millionaires (USD10m+), 524 individuals with more than 100 million dollars and 43 billionaires.

Which industry is growing in Canada? ›

Statistics Canada data state that in 2021, there were nearly a hundred thousand more Canadians working in clean energy business, than in the traditional quarrying, mining, and oil & gas extraction industries.

Who is the richest company in Canada? ›

10 biggest companies in Canada
  • Magna International Inc .
  • TD Bank.
  • Enbridge.
  • Canadian National Railway.
  • Scotiabank.
  • Brookfield Asset Management.
  • BMO Financial Group.
  • Canadian Pacific.
2 Jun 2022

Which company is growing fast in Canada? ›

Growth List 2020
CompanyCity
1Marlin SpringToronto
2FullscriptOttawa
3FlexitiToronto
4ShipfusionToronto
54 more rows

What are the 5 largest industries in Canada? ›

Biggest Industries by Revenue in Canada in 2022
  • Gasoline & Petroleum Wholesaling in Canada. ...
  • Oil Drilling & Gas Extraction in Canada. ...
  • New Car Dealers in Canada. ...
  • Supermarkets & Grocery Stores in Canada. ...
  • Life Insurance & Annuities in Canada. ...
  • Hospitals in Canada. ...
  • Petroleum Refining in Canada. $69.2B.
  • IT Consulting in Canada. $67.1B.

Which is the best IT company to join? ›

Here are the Best IT Companies in India for Freshers
  • WIPRO. Wipro is India's multinational company that provides Information technology, consulting, and business process services. ...
  • Tata Consultancy Services (TCS) The largest firm with 4 million talents. ...
  • TECH MAHINDRA. ...
  • COGNIZANT. ...
  • INFOSYS. ...
  • HEXAWARE. ...
  • CAPGEMINI.

Which city is best for IT jobs in Canada? ›

Ottawa, Ontario

In fact, Ottawa has the highest concentration of tech workers in Canada, with almost 10% of Ottawa's workforce employed in the tech sector. Another benefit of working in Ottawa is that it has a lot of government-related jobs for software engineers.

Which IT company is best for salary? ›

Best Paying Jobs in Technology
Highest paying Technology Companies
Top Tech CompaniesTech company Salary% High Job Satisfaction
Facebook$116,80096%
Google$106,90089%
Microsoft$102,500No Data
16 more rows
2 Apr 2020

Which country is best for IT jobs? ›

In no particular order, here is the list of the ten best countries for IT professionals.
  • USA. The United States of America is a pioneer in new technologies and has an economy that is highly dependent on IT. ...
  • Germany. ...
  • Finland. ...
  • Singapore. ...
  • Canada. ...
  • Japan. ...
  • The Netherland. ...
  • The UK.
4 Mar 2022

Who is the No 1 IT company in world? ›

IT Services 25 2022 Ranking
20222021Name
11accenture
23TCS
34Infosys
42IBM Consulting
21 more rows

Which IT course is best for future? ›

Here is a list of the best IT certifications courses in 2023 that can help you to jump ahead in those fields:
  • Data Science.
  • Big Data.
  • Artificial Intelligence and Machine Learning.
  • Cloud Computing.
  • Project Management.
  • Business Intelligence.
  • Networking.
  • Software Development.

Which is easiest job in IT company? ›

What are the easiest (and highest paying) tech jobs to get with no experience?
Job TitleMedian Salary
Data Analyst$64,438
Digital Analyst$54,541
Digital Project Manager/Web Project Manager$82,110
Junior Web Designer$52,535
7 more rows

Which city in Canada is best for money? ›

Detailed List of Top Cities to Work in Canada
  • Oakville. ...
  • Quebec. ...
  • Calgary. ...
  • Montreal. ...
  • Ottawa. ...
  • Edmonton. ...
  • Vancouver. ...
  • Toronto.
6 Jan 2022

Where is IT cheapest to live in Canada? ›

The Cheapest Cities to Live in Canada
  • Val-d'Or, Quebec.
  • Sarnia, Ontario. ...
  • Prince George, British Columbia. ...
  • Brockville, Ontario. ...
  • Weyburn, Saskatchewan. ...
  • Lévis, Quebec. ...
  • Longueuil, Quebec. ...
  • Saint-Jean-sur-Richelieu, Quebec. Saint-Jean-sur-Richelieu lies on the banks of the Richelieu River at the northern tip of Lake Champlain. ...
15 Sept 2022

Which Canadian city is best for PR? ›

4 Easiest Provinces to Get PR in Canada in 2022
  • #1 – Saskatchewan's International Skilled Worker: Occupation In-Demand and Express Entry. ...
  • #2 – Alberta's Express Entry Stream. ...
  • #3 – Ontario's Human Capital Priorities Stream. ...
  • #4 – Nova Scotia's Labour Market Priorities Stream. ...
  • Which PNP is Right for You?
22 Aug 2022

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