The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
February 24, 2025CANADA FINANCIAL STATISTICS FOR ENTERPRISES, Q4 2024 In Q4 2024, Canadian enterprise net income before taxes (seasonally adjusted) was $164.529 billion. All broad industry categories reported positive income before taxes in Q4 2024. The largest values of net income before taxes were reported in miscellaneous financial intermediation ($15.748 billion), real estate ($12.133 billion), construction ($10.968 billion), banking ($10.015 billion), securities/exchanges/portfolio management ($9.672 billion) and oil/gas extraction ($8.867 billion).
Compared with Q3 2024, net income before taxes rose by $3.325 billion across all industries. Net income shrank by $0.349 billion for financial/insurance industries with the largest losses among banking and life/health/medical insurance carriers. Net income for non-financial industries rose by $3.674 billion. Telecommunications, motor vehicle manufacturing and mining reported the largest gains in net income before taxes. The largest losses to net income were among pharmaceutical/soap/agricultural chemical manufacturing and petroleum refineries/coal products.
Measured as a share of revenue, income before taxes averaged 10.6% across all industries; 23.1% for financial industries and 8.7% for non-financial industries. Income as a share of revenues was up for both non-financial industries and financial industries.
Measured as a share of revenue, income before taxes was highest in miscellaneous financial intermediation (69.8% of revenues), followed by securities/exchanges/portfolio management (55.4) and other non-depository credit intermediation (40.2%). Outside of financial industries, income before taxes as a share of revenue was highest in: real estate (38.1%), education/health/social assistance (25.8%, including daycares) and rentals/leasing (19.6%).
Source: Statistics Canada. Table 33-10-0226-01 Quarterly balance sheet and income statement, by industry, seasonally adjusted (x 1,000,000)
<--- Return to Archive
