Guide to buying Shopify stock in Canada

Shopify is based in Canada and is listed on the N/A under the ticker symbol SHOP. Keep reading to see up-to-date Shopify stock price and performance data, along with a step-by-step guide for how to buy Shopify stock in Canada.

Shopify (N/A) stock summary

Company stock name	N/A
Stock ticker symbol	N/A
Exchange	N/A
Where to buy Shopify stock	Buy on CIBC Investor's Edge

All amounts in this table are in N/A.

Can I buy Shopify stock in Canada?

Yes, you can buy Shopify stock in Canada. You simply need to open a brokerage account with an online trading platform that supports stocks on the N/A exchange. Platforms like Interactive Brokers will allow you to directly buy Shopify stock from within Canada.

Dive deeper: Detailed guide on how to buy stocks in Canada

Our top picks for where to buy N/A stock

Shopify stock chart (N/A: N/A)

This chart tracks Shopify stock price performance over time.

Shopify stock price

We'll update this guide as more Shopify stock information becomes available.

Can I buy Shopify stock on the TSX?

No, you cannot buy Shopify stock on the TSX because Shopify stock is not listed on the TSX. Instead, Shopify stock is listed on the N/A under the symbol "N/A."

That said, if you're wondering how to invest in Shopify stock in Canada, you still have the option to do so by opening a trading account with a Canadian brokerage that gives you access to N/A, like Interactive Brokers.

Dive deeper: Our picks for the best stocks to buy right now in Canada

Shopify stock performance metrics

Here are some common key metrics for Shopify stock that analysts often use to help gauge a stock's value—P/E ratio, PEG ratio and EBITDA.

• Shopify's P/E ratio

  Shopify's current share price divided by its per-share earnings (EPS) over the past 12 months gives a trailing price/earnings (P/E) ratio of roughly 103x. In other words, Shopify shares trade at around 103 times recent earnings.

• Shopify's PEG ratio

  Shopify's price/earnings-to-growth (PEG) ratio is calculated by dividing its P/E ratio by its earnings growth, which comes out to about 1.1231. A lower ratio can suggest a stock offers better value, while a higher ratio may suggest worse value.

  The PEG ratio provides a broader view than the P/E ratio alone, as it factors in Shopify's expected earnings growth. By accounting for growth, investors can use the PEG ratio to compare the valuations of multiple high-growth companies.

• Shopify's EBITDA

  Shopify's EBITDA (earnings before interest, taxes, depreciation and amortization) is C$1.7 billion. EBITDA is a measure of a company's overall financial performance and is often used as a proxy for a company's profitability.

Has Shopify stock ever split?

Shopify's stocks were split on a 10:1 basis on June 28, 2022. So, if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Shopify stocks, just the quantity.

However, indirectly, the new 90% lower stock price could have impacted the market appetite for Shopify stocks, which in turn could have impacted Shopify's stock price.

How volatile is Shopify stock?

Over the last 12 months, Shopify's stocks price has ranged from C$0.00 to as high as C$0.00. Shopify's beta measurement of stock volatility is 2.82. For comparison, the market (N/A) average beta is 1. This would suggest that Shopify's stocks are significantly more volatile than the average for this exchange and represent a higher risk.

Some analysists use "beta" to gauge a stock's volatility. Beta is a popular way to measure a stocks volatility in relation to the market. Here is a breakdown of Shopify's beta stock volatility rating.

Shopify company profile

N/A.

• Common company-related questions about Shopify

  What percentage of Shopify is owned by insiders or institutions?
  Currently N/A% of Shopify stocks are held by insiders and N/A% by institutions.

  How many people work for Shopify?
  Latest data suggests 0 work at Shopify.

Compare trading platforms to buy Shopify stock

Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.

Related: Compare the best stock trading platforms in Canada

Do I have to pay tax on gains from Shopify stock sales in Canada?

Yes, you'll need to pay taxes in Canada on investment income, which includes any profit from selling Shopify stock. The CRA taxes investment income from stocks in Canada based on three main factors:

1. Investment income. Investment income includes money earned from interest, dividends or capital gains, which may affect how much you have to pay in taxes on stock sales in Canada.
2. Investor type. Your investment income will be taxed differently depending on whether you're a regular investor or a day trader (which means you buy and trade stocks on a daily basis as your primary form of income).
3. Tax bracket. The higher your tax bracket, the more you'll pay on income from stock sales. Your tax bracket depends on your gross income (minus deductions).

You can learn more about the tax implications of selling stocks in Canada here.

Frequently asked questions about Shopify stock

• Can I buy Shopify stock directly as a Canadian investor?

  Yes, Canadian investors can buy Shopify stock directly through various online brokerage platforms available in Canada. You can compare trading platform options and fees for buying Shopify stock in our table here.

• Can Canadians buy American stocks?

  Yes, Canadians can buy American stocks through Canadian trading platforms that give access to American stock exchanges such as the NYSE and Nasdaq. The good news is that most Canadian brokerage platforms, like Questrade, Interactive Brokers, Moomoo and Wealthsimple, give access to US exchanges. Read our full guide on how to buy US stocks in Canada to learn more.

• Can I buy fractional shares of Shopify stock?

  Yes, it may be possible to buy fractional shares of Shopify stock depending on the trading platform you're signed up with. Fractional shares can allow you to invest in Shopify stock even when you can't afford its full share price. You can read our full guide to how fractional shares work to learn more.

  The table below shows trading apps in Canada that offer fractional shares:

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  Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
  Promoted Finder Score 8.8 Great Interactive Brokers	Finder Score 8.8 Great	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint	min $1.00, max 0.5%	$0	Go to site More info Compare product selection Compare	loading
  Finder Score 7.4 Great Moomoo Financial Canada	Finder Score 7.4 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, FHSA	$1.49/stock	$0	Get up to $4,600 in trading perks. T&Cs apply.	Go to site More info Compare product selection Compare	loading
  Finder Score 9.1 Excellent Questrade	Finder Score 9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA	$0	$0	Get free contracts, no commissions and a 30 day free trial of Questrade Plus. Use offer code FREEOPTIONS. T&Cs apply.	Go to site More info Compare product selection Compare	loading

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  To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

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