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Best Canadian tech stocks on the TSX

Check out the best tech stocks to buy in Canada based on company performance.

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These 8 best Canadian tech stocks are starting points for your own research and should not be taken as advice to buy any particular stock. No single stock or list of stocks will suit all investors, as we all have different goals and needs. What’s best for you might not be best for someone else.

If you’re looking to invest in Canadian tech stocks, but 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

There’s no single winning strategy to finding what experts might call the best tech stocks in Canada by performance, because the most important considerations are your own goals and circumstances. But that shouldn’t discourage you from doing your homework and investing.

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.

How did we pick the best Canadian tech stocks?

We used Finder’s proprietary algorithm to rate the best TSX tech stocks by price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins. This might indicate a quality stock, but we do not guarantee the performance or returns of any investment.

To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.

This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list does not indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.

The algorithm was last updated 27 January 2021. This list and data was compiled July 7, 2021.

Best Canadian tech stocks to watch in 2021


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

Shopify Inc. (TSX: SHOP)

  • Market cap: C$236.765 billion
  • YTD performance: 32.10%
  • 1 Year performance: 38.30%
  • 5 Year performance: 143%
  • P/E Ratio: 119.78
  • Headquarters: Canada
Buy SHOP on Interactive Brokers

Constellation Software logo: best TSX tech stocks

Constellation Software Inc. (TSX: CSU)

  • Market cap: C$40.456 billion
  • YTD performance: 15.50%
  • 1 Year performance: 26.22%
  • 5 Year performance: 75%
  • P/E Ratio: 95.29
  • Headquarters: Canada
Buy CSU on Interactive Brokers

Absolute Software logo: best Canadian tech stocks

Absolute Software Corporation (TSX: ABST)

  • Market cap: C$870.396 million
  • YTD performance: 16.04%
  • 1 Year performance: 21.91%
  • 5 Year performance: 79%
  • P/E Ratio: 74.18
  • Headquarters: Canada
Buy ABST on Interactive Brokers

The Descartes Systems Group logo: best TSX tech stocks

The Descartes Systems Group Inc (TSX: DSG)

  • Market cap: C$7.365 billion
  • YTD performance: 17.04%
  • 1 Year performance: 17.42%
  • 5 Year performance: 107%
  • P/E Ratio: 101.56
  • Headquarters: Canada
Buy DSG on Interactive Brokers

BlackBerry logo: best Canadian tech stocks

BlackBerry Limited (TSX: BB)

  • Market cap: C$8.128 billion
  • YTD performance: 70.02%
  • 1 Year performance: 119.08%
  • 5 Year performance: 101%
  • P/E Ratio:
  • Headquarters: Canada
Buy BB on Interactive Brokers

Maxar Technologies logo: best Canadian tech stocks

Maxar Technologies Inc. (TSX: MAXR)

  • Market cap: C$3.321 billion
  • YTD performance: -6.10%
  • 1 Year performance: 102.41%
  • 5 Year performance: 133%
  • P/E Ratio: 8.68
  • Headquarters: United States
Buy MAXR on Interactive Brokers

Open Text Corporation logo: best TSX tech stocks

Open Text Corporation (TSX: OTEX)

  • Market cap: C$17.67 billion
  • YTD performance: 11.83%
  • 1 Year performance: 10.66%
  • 5 Year performance: 93%
  • P/E Ratio: 92.80
  • Headquarters: Canada
Buy OTEX on Interactive Brokers

Kinaxis logo: best TSX tech stocks

Kinaxis Inc. (TSX: KXS)

  • Market cap: C$4.53 billion
  • YTD performance: -7.69%
  • 1 Year performance: -19.93%
  • 5 Year performance: 66%
  • P/E Ratio: 564.31
  • Headquarters: Canada
Buy KXS on Interactive Brokers

Buy TSX tech stocks 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 Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
OFFER
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get a $50 bonus when you open a Wealthsimple Trade account and deposit and trade at least $100.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Trade 100 select ETFs free of charge.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
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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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