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The Best TSX Tech Stocks

Check out our list of the top tech stocks to buy in Canada based on company performance.

Best Tech Stocks to Watch Jump to Stock List
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Starting to invest in Canadian tech and software stocks can be tricky at first. If you’re not sure where to start, keep an eye on this list of the best TSX tech stocks.

What you should know before you buy TSX tech stocks

This list of the best Canadian tech stocks is meant to help you conduct your own research in finding the best TSX tech stocks to buy right now. It is not investment advice. No single stock or list of stocks will suit all investors, and we all have different goals and needs.

Whether you care more about TSX tech stocks with short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase or decrease in value.

The algorithm was last updated 27 January 2021. This list and data was compiled October 18, 2021.

Best Canadian tech stocks to watch in 2022


Shopify logo: best TSX tech stocks / best Canadian tech stocks list

1. Shopify Inc. (SHOP.TO)

Shopify Inc. is a commerce platform that operates in Canada, the United States, the United Kingdom and other regions around the world. It provides solutions to help merchants manage both physical and digital storefronts, native mobile apps, buy buttons and marketplaces. It also offers solutions for inventory management, payment processing, handling customers, order processing, reporting and analytics.

  • Market cap: C$226.401 billion
  • YTD performance: 26.23%
  • 1 Year performance: 29.80%
  • 5 Year performance: 149%
  • P/E Ratio: 119.78
  • Headquarters: Canada
Buy SHOP on CIBC Investor's Edge

Evertz Technologies logo

2. Evertz Technologies Limited (ET.TO)

Evertz Technologies Limited designs, manufactures and distributes video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets industries in Canada, the United States, and internationally.

  • Market cap: C$1.086 billion
  • YTD performance: 7.64%
  • 1 Year performance: 22.57%
  • 5 Year performance: 70%
  • P/E Ratio: 19.49
  • Headquarters: Canada
Buy ET on CIBC Investor's Edge

Mogo logo

3. Mogo Inc. (MOGO.TO)

Mogo Inc. is a financial technology company that provides a digital payment platform and solutions to help consumers manage their financial health. It operates in Canada and internationally.

  • Market cap: C$465.882 million
  • 1 Year performance: 309.1%
  • 5 Year performance: 389%
  • P/E Ratio: 68.25
  • Headquarters: Canada
Buy MOGO on CIBC Investor's Edge

Vecima Networks logo

4. Vecima Networks Inc. (VCM.TO)

Vecima Networks Inc. provides technology solutions that empower network service providers and content providers to connect people and enterprises to information and entertainment worldwide. The company operates through 3 segments: Video and Broadband Solutions, Content Delivery and Storage and Telematics.

  • Market cap: C$366.742 million
  • YTD performance: 8.11%
  • 1 Year performance: 21.95%
  • 5 Year performance: 93%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy VCM on CIBC Investor's Edge

Constellation Software logo

5. Constellation Software Inc. (CSU.TO)

Constellation Software Inc. 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 2 segments: Public Sector and Private Sector.

  • Market cap: C$47.12 billion
  • YTD performance: 34.52%
  • 1 Year performance: 56.06%
  • 5 Year performance: 76%
  • P/E Ratio: 108.81
  • Headquarters: Canada
Buy CSU on CIBC Investor's Edge

Absolute Software logo: best Canadian tech stocks

6. Absolute Software Corporation (ABST.TO)

Absolute Software Corporation develops, markets and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector organizations.

  • Market cap: C$696.646 million
  • YTD performance: -7.13%
  • 1 Year performance: -21.66%
  • 5 Year performance: 77%
  • P/E Ratio: 161.72
  • Headquarters: Canada
Buy ABST on CIBC Investor's Edge

Computer Modelling Group logo

7. Computer Modelling Group Ltd. (CMG.TO)

Computer Modelling Group Ltd. develops and licenses reservoir simulation software (computer models that predict the flow of fluids) in Canada and internationally. It also provides specialized support, consulting, training and contract research services.

  • Market cap: C$369.316 million
  • YTD performance: -5.74%
  • 1 Year performance: -12.71%
  • 5 Year performance: 150%
  • P/E Ratio: 17.90
  • Headquarters: Canada
Buy CMG on CIBC Investor's Edge

Open Text Corporation logo: best TSX tech stocks

8. Open Text Corporation (OTEX.TO)

Open Text Corporation designs, develops, markets and sells information management software and solutions. It offers solutions for content services, cyber security, digital investigation, forensic security, OpenText security, OpenText information management and Carbonite and Webroot products.

  • Market cap: C$16.879 billion
  • YTD performance: 7.38%
  • 1 Year performance: 12.89%
  • 5 Year performance: 99%
  • P/E Ratio: 44.05
  • Headquarters: Canada
Buy OTEX on CIBC Investor's Edge

The Descartes Systems Group logo: best TSX tech stocks

9. The Descartes Systems Group Inc (DSG.TO)

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance and security of logistics-intensive businesses worldwide.

  • Market cap: C$8.726 billion
  • YTD performance: 38.50%
  • 1 Year performance: 38.81%
  • 5 Year performance: 108%
  • P/E Ratio: 99.24
  • Headquarters: Canada
Buy DSG on CIBC Investor's Edge

Enghouse Systems Limited logo

10. Enghouse Systems Limited (ENGH.TO)

Enghouse Systems Limited develops enterprise software solutions worldwide. It operates through 2 segments: Interactive Management Group and Asset Management Group.

  • Market cap: C$3.107 billion
  • YTD performance: -9.21%
  • 1 Year performance: -25.40%
  • 5 Year performance: 88%
  • P/E Ratio: 34.13
  • Headquarters: Canada
Buy ENGH on CIBC Investor's Edge

Buy TSX tech stocks in Canada through an online broker

To invest in any of these TSX tech stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
FREE TRADES
Wealthsimple Trade
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get 2 free stocks when you deposit and trade $150.
Scotia iTRADE
Finder Rating:
★★★★★
3.8 / 5
$4.99 - $9.99
$0
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
Min. $1.00, Max. 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
OFFER
CIBC Investor's Edge
Finder Rating:
★★★★★
4 / 5
$4.95 - $6.95
$0 if conditions met, otherwise $100/year
Stocks, Bonds, Options, Mutual Funds, ETFs
Get up to $2,000 cash back. Conditions apply. Offer ends March 1, 2022.
Questrade
Finder Rating:
★★★★★
4.2 / 5
$4.95 - $9.95
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
Qtrade Direct Investing
Finder Rating:
★★★★★
4.1 / 5
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
Get up to $5,000 cash back. Conditions apply. Offer ends March 1, 2022.
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Investing in information technology stocks
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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