Canada’s Top Growing Companies

Why Participate?

Top Growing Company winners see many benefits to participating in the program from giving their brands a boost to finding new talent.

What Top Growing Company winners say are the benefits of the program

• 94% say the ranking gave their company a trusted endorsement
• 88% say it improved the perception of their company
• 82% say it elevated the stature of their company
• 59% say it helped them attract new employees

Source: Globe Internal Research. Online Survey. December 2024

Eligibility criteria

To be eligible for the 2025 ranking, a company must:

Complete the application process

• Step one: Complete the full application process. Eligible applicants—as determined by the online entry form—will be asked to complete the full application survey, which asks more specific questions about the company and its leadership.
• Step two: Submit financial statements to verify revenue claims

Be Canadian

• Eligible companies must be headquartered in Canada with significant operations in Canada.
• Eligible companies must have Canadian ownership, defined as follows:
1. If the company is privately held by individuals, the majority ownership must be held by Canadians.
2. If the company is privately held by a mix of individuals and investment funds or groups (e.g. pension or venture-capital funds or angel investor syndicates), a substantial percentage of shares must be held by Canadian residents or Canadian-based funds.
3. If the company is publicly traded and widely held, its eligibility will be at the discretion of Report on Business.

Be independent and for-profit

• Eligible companies must not be a division or subsidiary of another company, unless that company is a holding company only.
• Eligible companies must operate at an arm’s length from any related companies.
• Eligible companies must not be a franchisee or the member of a network (e.g. a co-operative).
• Eligible companies must not be a charitable organization, non-governmental organization, not-for-profit organization, etc.

Be an operating company, or a holding company that has a substantial degree of management control over its holdings

• Eligible companies must not be entities whose primary business is investing in other established companies.

Have been in continuous operation and in the same line of business throughout the revenue measurement period. (For the 2025 ranking, that means 2021 through 2024.)

Have minimum operating revenue of $2 million in its most recent fiscal year and $200,000 in the same period three years prior. For example, in 2025, an eligible company would have 2024 revenue of at least $2 million and 2021 revenue of at least $200,000.

Be operating in good standing. We reserve the right to disqualify any businesses undergoing criminal or regulatory investigation, or any other other public complaint, that might discredit the Canada's Top Growing Companies ranking or The Globe and Mail, at our sole discretion.

Ranking Methodology

The Report on Business ranking of Canada’s Top Growing Companies ranks companies on the basis of three-year percentage growth of annual operating revenue. The formula for 2025 is:

• (2024 revenue – 2021 revenue) / 2021 revenue * 100 = % revenue growth

The above formula assumes that:

• Each revenue period in the calculation reflects 12 months of continuous operations;
• The revenue periods are three years (36 months) apart;
• The revenue figures are in the same currency;
• The company’s base-year (e.g., 2021) revenues exceed or have been adjusted to meet the minimum eligibility requirement of $200,000.

To ensure a level playing field for participating companies, reported revenues are subject to adjustment at the discretion of Report on Business. For example, if a reported fiscal year is not 12 months in length, or the two fiscal years used in the calculation are not three years apart, then an equitable measurement might be achieved by any or all of:

• Pro-rating the revenue of a reported period;
• Including revenue from months adjacent to the reporting period;
• Time-shifting of the periods used in the final calculation.

Canadian currency is the default for determining revenue growth. Where a company reports in a foreign currency in both years, the growth rate will be determined using the figures supplied, without any adjustment. Where the company reports in Canadian dollars in only one of the two years measured, the revenue for the other year will be converted to Canadian dollars using the average Bank of Canada exchange rate for the period.

Revenues for each period must be drawn from the same eligible company. Adjustments may be required of companies involved in mergers, acquisitions and the like, particularly when those transactions took place in or around the base year of the calculation. (For instance, if a shell company acquires an operating company in the base year, then the reported revenues for the base year should be those of the operating company.)

If a company reports base-year revenue below the minimum for eligibility ($200,000), its growth rate will be calculated using the minimum. For instance, a company with actual revenue of $75,000 in 2021 and $10 million in 2024 would have an unadjusted growth rate of 13,233%. Post-adjustment, its growth rate would be 4,900%. The post-adjustment calculation would determine the company’s ranking.

Company revenues must be reported according to generally accepted accounting principles (GAAP). For most companies, the eligible revenue equals the “gross revenue” at the top of their income statement (P&L). However, the “real” revenue of many companies is their net revenue, e.g. after returns or costs of goods sold. Agencies, resellers and publishers are among the types of business to which such adjustments might apply.

Report on Business reserves the right to disqualify applicant companies believed to be ineligible and/or engaged in illegal or disreputable activity, at any time and at the sole discretion of Report on Business.

Frequently Asked Questions

What is the difference between the online entry form and the full application survey?

The entry form is how your company declares its candidacy for the ranking. The full application survey—sent to all eligible companies that submit an online entry form—is used to further verify your company’s eligibility, learn more about your growth and gather key information used in assessing your candidacy. Both forms are digital.

How long and detailed is the full application survey?

It’s designed to be short and easy to complete. The application form collects the following:

• Contact information for the company and key individuals involved in the Canada’s Top Growing Companies ranking process;
• Basic operational data (e.g. employee counts);
• Information required to determine the company’s eligibility and growth rate;
• A basic description of what the company does;
• In brief, what makes the company successful and noteworthy.

Is there any cost to participate?

No. There is no cost to participate in the application, nor to earn a spot on the ranking.

What financial details provided by my company during the application process will be published by Report on Business?

To protect the interests of privately held companies that apply for the ranking, the only financial information gathered during the application or revenue verification process that is subject to publication is the company’s:

• Three-year growth rate, and
• Revenue range for the most recent fiscal year (e.g. $10M - $25M)

Report on Business will not publish any revenue information for the base year of the calculation, nor any information related to the profitability of the company, if that company is privately held. Publicly traded companies may be treated in largely the same way, although the public availability of most of this financial information precludes the need for confidentiality.

Should my company report its gross revenue?

Generally, yes, but please see the above ranking methodology for more detail.

My company reports in US dollars. Should I convert the revenue figures to Canadian dollars?

No. If US dollars were reported in both years, no adjustments will be made. If US dollars were reported in only one of the two years, then Report on Business researchers will make the necessary adjustment, as per the above ranking methodology.

What kind of revenue verification is required?

Companies (whether privately held or publicly traded) are asked to submit their income statements (P&L) for the measured periods. Balance sheets and statements of cash flows are not required. Audited statements are preferred but are not required. However, statements must be final and officially recognized by the company. Report on Business researchers may require your company’s chief executive and/or finance head to sign an attestation form confirming the veracity of the statements.

What are the minimum and maximum revenue requirements for eligibility?

There is no maximum. The minimum is $2 million in the most recent fiscal year used in the three-year growth calculation, and $200,000 in the base year (i.e. the period three years prior). In 2025, the years used will be 2024 and 2021.

What are the minimum and maximum age requirements for eligibility?

There is no maximum. As for the minimum, companies must have been in operation long enough to show three years of growth: a base year followed, generally, by three more years (for four years in total). However, Report on Business will consider for inclusion, on a case-by-case basis, companies that complete their fourth year in business within three months of the posted application deadline of May 23. For 2025, that means companies must have been founded and generating operating revenue before August 31, 2021 in order to be eligible.

When and where will the ranking be published?

The ranking and additional coverage of Report on Business’s 2024 Canada’s Top Growing Companies program will be published in September 2025 online at tagm.ca/TopGrowing and in print in the October issue of Report on Business magazine.

What are the terms and conditions?

You can read them here.

I still have questions. Who can I contact?

Please contact the Canada’s Top Growing Companies research team at TopGrowing@globeandmail.com.

Growth Camp

The Globe and Mail will host Growth Camp, an exclusive event for winning companies on October 15, 2024.

This in-person event at The Globe and Mail Centre features panels and round-table discussions for CEOs and senior executives to make powerful connections, share growth strategies and celebrate their success.

For event details, including sponsorship opportunities, contact globeevents@globeandmail.com

Canada’s Top Growing Companies - Application

The application period for the 2025 Canada's Top Growing Companies ranking is now open.

Nomination form

Please fill in a valid value for all required fields

Please ensure all values are in a proper format.

Are you sure you want to leave this form and resume later?

Are you sure you want to leave this form and resume later? If so, please enter a password below to securely save your form.

Save and Resume Later

Save and get link

You must upload one of the following file types for the selected field:

There was an error displaying the form. Please copy and paste the embed code again.

Apply Discount

You saved

with code

Submit Survey

Submitting

Validating

There was an error initializing the payment processor on this form. Please contact the form owner to correct this issue.

Please check the field:

Fields

2025 Canada's Top Growing Companies Application

Thank you for applying to the Canada's Top Growing Companies program. Before you begin the application here are a few things to note.

Your company must have a three-year growth rate of at least 20% to be considered for the program. Applications with a growth rate below the 20% threshold will not be processed.

We will also need confirmation of the revenue numbers you provide below with a submission of financial statements. If you do not have those statements at the moment, you will be able to submit them at a later time. 

Fields marked with an asterisk (*) are mandatory. 

Completing the application will be faster if you know your employee counts, revenue figures and the company’s basic ownership structure before you begin.

If you need to pause the survey and return to it later, click "Save and resume later" at the bottom of the screen. You will be asked to create a password. Please choose this password carefully and remember it, as you will not be able to retrieve your survey without it. Once you input your password, you'll be given a link to your password-protected survey in a pop-up screen. You will also be given the option to input your email to have that link emailed to you. We strongly encourage you to bookmark the link and opt for it to be emailed to you.

With those things in mind, please make your responses as specific and accurate as possible.

Remember all applications must be in no later than May 23, 2025 at 11:59pm Eastern.

Good luck! 

Report on Business ranking of Canada's Top Growing Companies Terms and Conditions

The Globe and Mail Website Terms and Conditions and Privacy Policy

Applicant Information

What is your company's name? *

Please note: We're looking for the name you use publicly. This is the name Report on Business magazine will publish if your company makes the ranking.

What is your company's legal name (if different than above)?

Your Name*

First Name*

Last Name*

Your Job Title*

Your email*

Your phone number

Are you the company's CEO?*

Yes No

Company Information

Address*

Address Line 1

Address Line 2

City

  Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon Province

Postal Code

Company website*

What is the URL of your company profile on LinkedIn?

What is your company's Twitter handle?

About your CEO(s)

Please note: You can provide information about up to three co-CEOs, provided your company has three individuals who share equal chief decision-making capabilities.

What is your CEO's name?*

First Name*

Last Name*

What is the email address of your CEO?*

What is the phone number of your CEO?*

Please include extension, if applicable

Does your company have a co-CEO (or co-CEOs) who share(s) equal chief decision-making capabilities?*

Yes No

About your co-CEO

What is your co-CEO's name?*

First Name*

Last Name*

What is the email address of your co-CEO?*

What is the phone number of your co-CEO?*

Please include extension, if applicable

Does your company have a third co-CEO who shares equal chief decision-making capabilities?*

Yes No

About your third co-CEO

What is your third co-CEO's name?*

First Name*

Last Name*

What is the email address of your third co-CEO?*

What is the phone number of your third co-CEO?*

Please include extension, if applicable

If you have more than three chief executives who share chief decision-making capabilities, please list their names and email addresses below.

Company background and operations

In one sentence, describe what your company does*

Note: This will be the basis of the description used in publication. Your answer will be edited for magazine style, space and clarity

What industry best describes your core business activity? *

E.g. "Manufacturing, Technology, Retail, Business Services, etc.

Who, generally, are your company's customers?*

Briefly, how did your company start?*

Who founded the company?*

What is the founding date (month and year) of the company? *

https://globeandmail.formstack.com/forms/images/2/calendar.png

Month

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Year

1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Please note: The founding date should represent the start of substantive operations, rather than the date on which it was conceived or legally registered.

Including independent contractors, how many people does your company presently employ across all of its divisions and subsidiaries, whether domestic or foreign?*

Revenue growth

Your company's three-year revenue growth rate will be a function of its total operating revenues in 2024 and 2021 (or 2025 and 2022, if your fiscal year-end is between January and April).

Total operating revenues must include the total revenues of any divisions or subsidiaries, whether domestic or foreign. Revenue should be consolidated, less any inter-company sales, if applicable. Include only operating revenues reportable under GAAP. Do not include government grants.

Please see the Ranking Methodology section of the Canada's Top Growing Companies website for examples of revenue that should not be reported.

2024 revenue:

What was your company's total operating revenue in its most recently completed fiscal year (e.g. 2024)? *

Please note: If you are about to close a fiscal year in progress, then please provide your best guess for the year in progress. We will verify the final figure later.

In which currency is this revenue figure? *

CAD USD

Other: Other Value

What is the year-end date for that period?*

https://globeandmail.formstack.com/forms/images/2/calendar.png

Month

01 02 03 04 05 06 07 08 09 10 11 12

Day

01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Year

2024 2025 2026

Was that period a full 12 months?*

Yes No

2021 revenue:

What was your company's total operating revenue in its fiscal year three years prior to the year reported above (e.g. 2021)? *

In which currency is this revenue figure?*

CAD USD

Other: Other Value

What is the year-end date for that period?*

https://globeandmail.formstack.com/forms/images/2/calendar.png

Month

01 02 03 04 05 06 07 08 09 10 11 12

Day

01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Year

2021 2022 2023 2024 2025

Please note: For the 2023 ranking, this date must be between March 31, 2019 and April 30, 2020

Was that period a full 12 months?*

Yes No

During that period, or in the period 12 months prior to it, did your company merge with, acquire or be acquired by another company?*

Yes No

What was the name of the business your company merged with, acquired or was acquired by?*

What was the nature of the transaction?*

What was the transaction date?*

Are the revenues of the affected business(es) included in the revenue figures provide above? *

Yes No

Are there any unique circumstances surrounding your financials that we should know of?

Unique circumstances might be mismatched year-end dates, fiscal years shorter or longer than 12 months, revenue that comprises multiple business units (where consolidated statements are not available), or anything else we should know before verifying your financial data.

Eligibility

The following questions are to further assess your company's eligibility for Canada's Top Growing Companies program. Your answers will not be disclosed. Information about our eligibility criteria is available here.

What percentage of the company's shares are owned by Canadians?*

Who are the company's major shareholders?*

Please include names and percentage holdings.

Is your company:

Publicly traded?*

Yes No

What is your ticker symbol?*

A subsidiary of a parent company?*

Yes No

Is that parent company:*

A holding company An operating company (e.g. with other active, independently-operating subsidiaries)

Please name the parent company.*

Related to any predecessor companies?*

Yes No

Please name the predecessors and briefly describe your company’s relationship with them.*

A not-for-profit organization? *

Yes No

A franchisor?*

Yes No

A franchisee?*

Yes No

Part of a network of companies, such as a co-operative?*

Yes No

Please name the network you belong to.*

Related to any other companies also entering the Report on Business ranking of Canada's Top Growing Companies?*

Yes No

Please name the company (or companies).*

Is this company or any of its principals under criminal or regulatory investigation, or the subject of a criminal, regulatory or other complaint? *

Yes No

What is the nature of the complaint(s) or investigation(s)?*

Please provide all relevant details. We reserve the right to disqualify any businesses undergoing criminal or regulatory investigation, or any other other public complaint, that might discredit the Canada's Top Growing Companies ranking or The Globe and Mail, at our sole discretion.

About your growth

Report on Business is looking to tell interesting stories about companies on the ranking. Your answers in this section will help to inform our editorial coverage.

Briefly, what explains the rapid growth of your company?*

Does your business sell products or services outside of Canada?*

Yes No

Tell us about the scope of your international business. What have you learned about expanding beyond Canada? What advice do you have for other entrepreneurs considering a similar expansion?*

What do you consider to be your company's single greatest achievement in the past three years, and what made it so?*

What is the best management or leadership lesson you've learned running a business*

Is there something else noteworthy about your business that you’d like to share?

Submitting financial information

Do you have financial statements ready to upload now, or do you need time to prepare them?*

I am ready to upload my financial statements now I do not have my financial statements available yet

2021 Financial Statements*

No File Chosen

File uploads may not work on some mobile devices.

2024 Financial Statements*

No File Chosen

File uploads may not work on some mobile devices.

Are the attached financial statements audited?

Yes, the attached financial statements are audited No, the attached financial statements are not audited

Please Note: Since your financial statements are not audited, upon submission of the form your CEO will be emailed a request to digitally sign a Financial Documents Attestation.

Who is the best person to contact at your company to secure financial documentation and to field any questions related to the same?*

First Name*

Last Name*

What is the email address of that individual?*

Marketing and communications

Report on Business will announce this year's ranking of Canada's Top Growing Companies on September 2025. In the lead-up to the announcement, Report on Business will be offering winning companies marketing and communications support and related opportunities.

Who is the best person to contact at your company for marketing and communications support?*

First Name*

Last Name*

What is the email address of that individual?*

What is that individual's phone number?

Declarations

How did you hear about Canada's Top Growing Companies?

Direct communication from the Award and Rankings Programs Research Team Direct communication from The Globe and Mail (to subscribers) Social Media Advertisement

Other: Other Value

Check the box below to indicate your company's interest in Canada's Best Managed Companies program and/or the Deloitte Technology Fast 50 program from Deloitte Canada and to receive emails from Deloitte Canada in respect of the selected programs.

Yes - I am interested in Deloitte Canada's Best Managed Companies program Yes - I am interested in Deloitte Canada's Best Managed Companies and Deloitte's Technology Fast 50 programs

I, and my business, are interested in the selected program(s) and I consent to The Globe and Mail sharing the following submission information with Deloitte Canada for this purpose: company name, contact information (as indicated), location, industry, compay size, # of employees, company revenue and email addresses (the "Shared Information"). I understand that Deloitte Canada will maintain the Shared Information in accordance with Deloitte Canada's privacy policy and I will be able to unsubscribe at any time by contacting Deloitte Canada.

Check the box below to indicate your company's interest in associated Top Growing Companies rankings - provincial lists, Women-Led Companies etc.

Yes - I am interested in participating in additional Top Growing Company rankings

To streamline applications, financial statements will be used across Top Growing rankings to verify growth rates

To the best of my knowledge, the information supplied in this application is true and complete. *

Yes No

Terms and Conditions*

Yes No

By clicking the above button, I agree to the Terms and Conditions of the Report on Business ranking of Canada’s Top Growing Companies, as well as The Globe and Mail’s Website Terms and Conditions and Privacy Policy.

Submission

You have reached the end of the application.

If you are not finished with your survey, please navigate back to complete it, or click "Save and Resume Later" to return to the survey at a later date.

If you are finished with your application, please click "Submit Survey" to send it to the Report on Business Canada's Top Growing Companies research team.  

Globe & Mail Approval Section

Has this FAS application been approved?

Yes, application is approved No, application is rejected

Company Revenue 2024 CA$

Company Revenue Range

Eg. 5M-10M

Currency

CDN USD

Company Growth Rate %

Save and Resume Later

Previous← Next→

Progress

Form secured by Formstack

Enter your save and resume password

Cancel

Confirm