Canada’s Top 100 Corporate R&D Spenders 2021
Top Corporate R&D Spenders by Tier - Winners Circle
| Top Corporate R&D Spenders by Tier FY2020 |
R&D Spending
| Rank | Tier 1 | $000 | |
|---|---|---|---|
| 1 | Magna International Inc. | $1,113,445 | |
| 2 | Constellation Software Inc. | $808,925 | |
| 3 | Shopify Inc. | $740,678 | |
| Rank | Tier 2 | $000 | |
| 1 | Teck Resources Limited | $97,000 | |
| 2 | Evertz Technologies Limited | $90,827 | |
| 3 | Enghouse Systems Limited | $79,757 | |
| Rank | Tier 3 | $000 | |
| 1 | Westport Fuel Systems Inc. | $28,139 | |
| 2 | Mediagrif Interactive Technologies Inc. | $27,870 | |
| 3 | Pason Systems Inc. | $26,977 | |
R&D Spending Growth
(% Change FY2019-FY2020)
(% Change FY2019-FY2020)
| Rank | Tier 1 | % | |
|---|---|---|---|
| 1 | Shopify Inc. | 57.2 | |
| 2 | Zymeworks Inc. | 46.9 | |
| 3 | Magna International Inc. | 31.1 | |
| Rank | Tier 2 | % | |
| 1 | Canopy Growth Corporation | 305.6 | |
| 2 | AbCellera Biologics Inc. | 193.8 | |
| 3 | Repare Therapeutics Inc. | 91.9 | |
| Rank | Tier 3 | % | |
| 1 | Knight Therapeutics Inc. | 199.6 | |
| 2 | Cardiol Therapeutics Inc. | 197.9 | |
| 3 | Q4 Inc. | 102.0 | |
R&D Intensity*
(R&D Spending as % of Revenue)
(R&D Spending as % of Revenue)
| Rank | Tier 1 | % | |
|---|---|---|---|
| 1 | Zymeworks Inc. | 432.7 | |
| 2 | BlackBerry Limited | 24.1 | |
| 3 | Shopify Inc. | 18.8 | |
| Rank | Tier 2 | % | |
| 1 | Liminal BioSciences Inc. | 1,766.5 | |
| 2 | Arbutus Biopharma Corporation | 1,349.2 | |
| 3 | Aurinia Pharmaceuticals Inc. | 100.4 | |
| Rank | Tier 3 | % | |
| 1 | Titan Medical Inc. | 39.7 | |
| 2 | Mediagrif Interactive Technologies Inc. | 36.9 | |
| 3 | Magnet Forensics Inc. | 31.7 | |
Notes:
1. R&D Spending Tiers: Tier 1 = $100 million or more of R&D spending, Tier 2 = $30 million-$99.9 million, Tier 3 = less than $30 million.
*Based on companies with $2 million or more of revenue