Canada’s Top 100 Corporate R&D Spenders 2021
Spotlight on Two Decades of Corporate R&D
SPOTLIGHT ON Two Decades
of Corporate R&D
In association with its 20th anniversary, Research Infosource shines the spotlight on two decades of corporate R&D investment.
of Corporate R&D
20-Year Spotlight - Total Corporate R&D Spending
FY2001-FY2020
FY2001-FY2020
| Rank | Company | $000 | Industry |
|---|---|---|---|
| 1 | Bombardier Inc.* | $18,272,538 | Aerospace |
| 2 | BCE Inc. | $16,421,600 | Telecommunications Services |
| 3 | Magna International Inc.* | $13,066,537 | Automotive |
| 4 | BlackBerry Limited* ++ | $11,462,572 | Software & Computer Services |
| 5 | Pratt & Whitney Canada Corp. (fs) | $9,784,346 | Aerospace |
| 6 | IBM Canada Ltd. (fs) | $8,790,600 | Software & Computer Services |
| 7 | Ericsson Canada Inc. (fs) | $5,435,000 | Comm/Telecom Equipment |
| 8 | Bausch Health Companies Inc.* | $4,824,521 | Pharmaceuticals/Biotechnology |
| 9 | Open Text Corporation* | $3,677,909 | Software & Computer Services |
| 10 | CAE Inc. | $2,803,234 | Aerospace |
| 11 | Imperial Oil Limited | $2,519,000 | Energy/Oil & Gas |
| 12 | GlaxoSmithKline Inc. (fs) | $2,312,478 | Pharmaceuticals/Biotechnology |
| 13 | Hydro-Québec | $2,185,000 | Electrical Power & Utilities |
| 14 | Ontario Power Generation Inc. | $1,491,000 | Electrical Power & Utilities |
| 15 | Syncrude Canada Ltd. | $1,472,467 | Energy/Oil & Gas |
| 16 | Sierra Wireless, Inc.* | $1,446,903 | Comm/Telecom Equipment |
| 17 | AstraZeneca Canada Inc. (fs) | $1,276,854 | Pharmaceuticals/Biotechnology |
| 18 | Ballard Power Systems Inc.* | $1,155,544 | Machinery |
| 19 | EXFO Inc.* | $949,012 | Comm/Telecom Equipment |
| 20 | Westport Fuel Systems Inc.* | $909,580 | Other Manufacturing |
Notes:
++Figures were one fiscal year ahead for companies with January and February year-ends
fs = Foreign subsidiary (includes R&D spending for Canadian operations only)
- Based on companies that have been on the Top 100 Corporate R&D Spenders list for all 20 years FY2001-FY2021.
- Data were obtained through annual reports, financial statements, securities commission filings, other company issued documents, or through a survey.
- We have attempted, whenever possible, to provide gross R&D spending before deduction of investment tax credits or government grants.
- R&D spending figures may have been adjusted as more accurate information became available.
- Canadian-owned company results include worldwide R&D spending; foreign subsidiaries (fs) for their Canadian operations only
++Figures were one fiscal year ahead for companies with January and February year-ends
fs = Foreign subsidiary (includes R&D spending for Canadian operations only)