Industries with the Highest Profit Margin in Canada in 2025

1. Day Care in Canada

Profit Margin 2025: 33.2%

The industry provides care for infants or young children that are typically under the age of five. Additionally, operators may offer prekindergarten programs and care for older children when they are not in school. Over the five years to 2023, increased government consumption and investment and the rising number of women in the workforce have driven industry demand. As the maternal labour participation rate increases, fewer parents are available to take care of infants, toddlers and preschool-aged children. In addition, government subsidies have been critical in enabling families to afford the cost of day care. The COVID-19 pandemic is expected... Learn More

2. Commercial Banking in Canada

Profit Margin 2025: 31.0%

Despite low interest rates and some hiccups in economic growth, commercial banks in Canada have expanded throughout 2023. Banks have done an exceptional job diversifying revenue streams, overcoming limits imposed by low interest rates, and increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Industry revenue has been growing at a CAGR of 2.2% over the past five years and is expected to total $275.4 billion in 2023, when revenue will likely jump an... Learn More

3. Apartment Rental in Canada

Profit Margin 2025: 29.1%

Revenue for Canadian apartment lessors has grown in recent years. Apartment lessors collect rental income from properties they lease, where the rates they charge are largely determined by market forces. The supply of apartment rentals has grown at a slower rate than demand, which has elevated rental rates to the benefit of lessors. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a decline in revenue until 2021. Revenue has grown since 2022 as higher... Learn More

4. Management Consulting in Canada

Profit Margin 2025: 28.8%

Management consulting in Canada is composed of companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. Businesses partake in mergers and acquisitions, joint ventures, divestitures and initial public offerings based on their expectations of what the future holds. Although the company provides countercyclical services that support industry revenue during economic downturns, the COVID-19 pandemic hindered industry operations in unprecedented ways in 2020. Revenue is expected to grow at a CAGR of 2.0% to $23.9 billion over the years to 2023,... Learn More

5. Real Estate Sales & Brokerage in Canada

Profit Margin 2025: 28.4%

Real estate sales and brokerage services are closely aligned with the health of the Canadian real estate market. Revenue rises alongside property prices and real estate transaction volumes as real estate agents are paid on a commission basis when they close a deal. A growing, aging and progressively wealthy Canadian population has boosted demand for residential properties. Industry revenue has been growing at a CAGR of 7.3% over the past five years, and is expected to reach $26.0 billion through the end of 2023, despite a decline of 2.5% in 2023 alone.

Revenue has grown despite a sharp decline in the... Learn More

6. Gold & Silver Ore Mining in Canada

Profit Margin 2025: 27.5%

Gold and silver ore mining continue to thrive as production outputs expand. While the industry does contain silver mining, Canada's vast deposit of gold mines leads to more than 97.0% of revenue coming straight from gold product sales. Rising gold prices amid the pandemic led to an influx of investor buyouts since gold is countercyclical to the market and hedges against inflation and market volatility. Revenue continued to expand even as production dipped following limited operational capacity as miners abided by health and safety regulations. Even so, as the economy recovered, investors began resuming interest in other asset classes. Gold... Learn More

7. Audio & Video Equipment Manufacturing in Canada

Profit Margin 2025: 24.0%

A key ability that successful companies in this industry possess is the ability to adapt their business strategy to changing consumer and other market preferences. As a result, most manufacturers spend a significant amount of money on research and development initiatives. Audio and video manufacturers have faced volatile demand trends during the period. 2020 provided manufacturers with strong demand since extremely low-interest rates and rapidly rising housing starts led to increased downstream demand from new homeowners looking to outfit their property. This carried over into 2021 as rates remained low and housing starts remained high. As the Bank of Canada... Learn More

8. Software Publishing in Canada

Profit Margin 2025: 22.8%

The Software Publishing industry in Canada has exhibited strong growth over the five years to 2023 amid the introduction of new products, chiefly within the enterprise services and data analytics domains. Rising consumer spending has boosted demand from both businesses and consumers. Additionally, technological advancements and the increased use of laptops and smartphones in companies and consumers' everyday lives have necessitated the need for wide software varieties, boosting industry demand. However, the continued use of illegally downloaded software has hampered growth. Still, industry revenue has been growing an annualized 8.0% over the past five years and is expected to reach... Learn More

9. Landscaping Services in Canada

Profit Margin 2025: 22.2%

Economic volatility has dominated the landscape in recent years, but landscapers have been immune to that, experiencing strong growth. The COVID-19 pandemic severely cut into revenue for large swaths of the economy and many service industries suffered. Landscapers benefited from a lack of consumer spending and travel; Canadians with stimulus cheques invested that money in their home, often using landscapers to renovate the outside of their houses. Revenue has expanded at a CAGR of 6.6% to $18.4 billion through the end of 2023, including a 4.9% increase in 2023 alone due to a 26.7% jump in fertilizer prices. Landscapers were... Learn More

10. Veterinary Services in Canada

Profit Margin 2025: 20.7%

Veterinarians in Canada have performed well throughout 2023. Improving consumer confidence and rising per capita disposable income during the majority of the period have boosted demand for veterinary services. Furthermore, developments in medical technologies and procedures have enabled veterinarians to purchase enhanced diagnostic tools to perform specialized medical procedures in-house. As a result, many practices now offer ophthalmology, among other specialty services.

With the average lifespan of companion pets on the rise, demand for routine care and chronic disease management of older companion pets has increased as well. Revenue has been growing at a CAGR of 0.6% over the past five... Learn More