Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Profit Margin in Canada in 2022
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View a list of the Top 25 industries with the highest profit marginProfit Margin 2022: 33.8%
The Payroll and Bookkeeping Services industry in Canada is expected to experience slight expansion over the five years to 2022. This industry includes companies that focus on payroll processing and bookkeeping transactions for other businesses. This enables time-scarce managers and businesses to focus on their core functions rather than minor administrative tasks such as payroll processing. The act of outsourcing business functions has become increasingly common over the past five years, which has increased demand for the industry's services. Additionally, favourable macroeconomic trends through much of the period have spurred demand and supported revenue growth. As a result, industry revenue... Learn More
Profit Margin 2022: 27.9%
The HR Consulting industry in Canada includes specialized operators that provide advice and general assistance to businesses and other organizations regarding the structure of human resources, personnel policies, employee benefits and compensation systems. HR consultants also help operators design and manage salary administration, recruitment and retention plans. Industry services are largely cyclical as they rely on growth in the number of employees and businesses in Canada. In addition, countercyclical services have been on the rise, assisting the industry to grow more consistently. However, the COVID-19 (coronavirus) pandemic has introduced unprecedented challenges for operators. As a result, IBISWorld estimates industry revenue... Learn More
Profit Margin 2022: 26.8%
The Tax Preparation Services industry in Canada has steadily grown over the five years to 2022, driven by an increasing number of households earning $100,000 or more. The industry provides assistance to individuals and small businesses in completing, reviewing and filing tax returns. Industry operators review consumer financial documents, nominate appropriate deductions and claims, review files and send documents to the Canada Revenue Agency (CRA). As the population grows and more people are expected to file their taxes, demand for industry services will grow. As a result, industry revenue is projected to grow an annualized 4.6% to $1.6 billion over... Learn More
Profit Margin 2022: 25.8%
The Breweries industry in Canada has experienced growth over the five years to 2022 despite broader economic volatility due to the COVID-19 (coronavirus) pandemic. During most of the period, the industry has expanded, benefiting from increased popularity of craft beer from local microbreweries. While this has resulted in revenue and enterprise growth from a range of new small-scale breweries, consumers have shifted away from the traditional light and premium beer brands that currently represent most of industry brewers' sales. During the pandemic, a rise in at-home consumption of beer managed to prevent a notable decline in industry revenue. Industry revenue... Learn More
Profit Margin 2022: 24.9%
The Real Estate Sales and Brokerage industry in Canada is closely aligned with the health of the Canadian real estate market and is expected to grow over the five years to 2022. Industry revenue typically rises with property prices and real estate transaction volumes as real estate agents are paid on a commission basis and receive their fee when they close a deal. Over the past five years, a growing, aging and progressively wealthy Canadian population has boosted demand for residential properties. As a result, industry revenue is expected to increase at an annualized rate of 4.0% to $21.1 billion... Learn More
Profit Margin 2022: 22.4%
The Fishing and Seafood Aquaculture industry in Canada is expected to decline over the five years to 2022 after a sharp decline in 2020 caused by the spread of COVID-19 (coronavirus). The industry catches and farms fish and shellfish from Canada's oceans, inland waterways and through aquaculture operations. While sea fisheries represent the largest share of industry revenue, traditional ocean fishing has been losing ground to aquaculture operations over the past five years. The risks associated with ocean fishing and the depletion of fish stocks, have made aquaculture more attractive. This transition has been supported by the Canadian federal government,... Learn More
Profit Margin 2022: 19.6%
The Thermal Power industry in Canada is composed of operators that generate electricity using natural gas, coal, uranium or crude oil. The industry has experienced decline over the five years to 2022. While conditions have been positive, with rising electricity prices and increasing demand from commercial and industrial markets, save for the COVID-19 (coronavirus) pandemic, the industry has experienced some difficulties. Coal has long been a key source of thermal power, but most provinces have plans to phase out coal power by 2030. Further, the largest share of industry power comes from nuclear facilities, many of which have required refurbishment... Learn More
Profit Margin 2022: 17.5%
The Wood Panelling Manufacturing industry in Canada manufactures products such as plywood, veneer, medium-density fibreboard, oriented strand board (OSB) and particleboard. These products are primarily used in residential and commercial construction; consequently, industry revenue largely depends on demand from these two downstream sectors. While domestic construction markets are a significant source of industry demand, a significant portion of the industry's revenue stems from exports to the United States. As a result, industry performance is closely tied to the health of the housing markets in Canada and the United States. Over the five years to 2022, industry revenue is expected to... Learn More
Profit Margin 2022: 16.3%
The Public Relations Firms industry in Canada comprises businesses primarily engaged in designing and implementing public relations campaigns to promote the interests of their clients. Operators develop promotional strategies, publicizing events and maintaining media relations for a diverse array of clients in virtually every sector. Ultimately, industry revenue is dependent on clients' advertising and marketing budgets, which in turn, are dependent on corporate profit and the general state of the economy. Particularly, increased demand for outreach efforts, along with digital and social media, has led to steady revenue growth in recent years. In 2020, disruption caused by the COVID-19 (coronavirus)... Learn More
Profit Margin 2022: 14.5%
The Wheat Farming industry in Canada has grown despite considerable economic volatility over the five years to 2022. The industry is highly globalized and therefore heavily reliant on trade, which has improved since the dismantling of the Canadian Wheat Board in 2012, as it restricted the marketing freedom of farms. There has been growing demand for Canadian wheat abroad, due to its high quality. Additionally, the favourable growth in prices, driven by the direction of the global price of wheat, have improved trade values and profitability for farms. Improved trade ties with emerging economies have aided growth in industry revenue... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Most Profitable Industries in Canada in 2022
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Growing Industries in Canada by Revenue Growth (%) in 2022
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