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Canada’s Largest Family Firms

Family Business United continues to champion the family business sector and is delighted to be able to share details of the largest family firms in Canada.  Like many countries, family firms are the backbone of the Canadian economy and collectively the fifteen largest family firms in Canada have been trading for over 1,130 years.

In terms of turnover they collectively generate turnover of $284,868 million and employ 1.2 million people.

As Paul Andrews, founder and CEO of Family Business United who champion and celebrate the contribution of family firms around the world adds, “The contribution of the top fifteen should not be under-estimated as it goes far and beyond revenue generation and jobs.  These businesses are at the heart of communities across Canada and make a difference to lives each and every day.  They deserve recognition for the wealth they create, the employment they provide and the support they give to organisations through their philanthropic endeavours too.”

Rank Family Business Year Founded Revenue 2018
$ Millions
Employees
2018
1 Alimentation Couche-Tard 1980 $51,394 130,000
2 George Weston Ltd 1882 $35,592 203,238
3 Power Corporation of Canada 1925 $35,251 30,000
4 Loblaw Companies Ltd 1919 $34,261 197,000
5 Empire Company Ltd 1907 $18,900 120,000
6 Fairfax Financial Holdings 1951 $17,758 39,043
7 Husky Energy Inc 1938 $16,307 5,157
8 Bombardier 1942 $16,236 56,920
9 Rogers Communication 1960 $11,071 25,000
10 Canadian Tire Corporation 1922 $9,562 22,711
11 Saputo Inc 1954 $8,951 132,000
12 CGI Inc 1976 $8,902 74,000
13 The Jim Pattison Group Inc 1961 $7,769 46,000
14 McCain Foods Ltd 1957 $7,329 22,000
15 Linamar Corporation 1966 $5,585 29,060
Source: Family Capital and PwC Research into the 750 Top Family Businesses
Note - A family or families had to control at least 50% of the voting shares in a private company or at least 32% of the voting rights in a publicly listed company
Note - Only family firms older than 20 years are included allowing a level of transition from the first generation to some participation of the next generation

 

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