About e commerce sites in Canada - Canada top ecommerce sites

Ecommerce industry in Canada is growing at the fastest pace ever. However, the majority of key players who contribute to that growth are from the US while local Canada ecommerce websites still attempt silently. The article reveals the top ecommerce sites in Canada and general information about Canada Government policy when it comes to internet business activities reporting as well as a FREE integration and Low cost online payment solution for Canadian online businesses, especially SMEs and Startups.

About e commerce sites in Canada - Canada top ecommerce sites

In the last decade, the e-commerce market has grown steadily, allowing consumers and businesses to buy and sell products and services completely through electronic channels. Electronic commerce retail sales are expected to increase from 3.53 trillion dollars in 2019 to over 6.54 trillion dollars in 2023. Canada has become a particularly profitable market in recent years, thanks to its large digital population. E-commerce retail trade sales in late 2019 totaled about 1.85 billion Canadian dollars, with nearly 28.1 million Canadians making purchases online. The retail e-commerce business of Canada e commerce sites is predicted to earn more than 33 billion dollars in revenue by 2024, up from 25.4 billion in 2019.

Retail e-commerce revenue in Canada from 2017 to 2025 - Canada ecommerce websites (Source: Statista 2021)

The initial gap for ecommerce sites in Canada was utilized by major U.S. players

Despite these good e-commerce trends, Canadian firms and e commerce sites in Canada were firstly sluggish to embrace e-commerce and invest in an online presence. Major U.S. players took advantage of this early void, and have subsequently left their imprint on the Canadian internet environment. With an anticipated e-commerce revenue of 3.5 billion US dollars in 2018, Amazon was the most popular online platform in Canada in 2018. The e-commerce giant topped the charts in a number of product categories that year, including food and personal care, electronics, and media.

Canadian shoppers preferred online to in-store shopping, especially high-end products from domestic retail Canadian e commerce websites

Fashion, electronics, and books are among the most popular online buying categories in Canada. Many Canadian customers said they preferred online over in-person purchases in a 2018 study because of the better product choices and the ability to save time and money by virtually browsing the offers. In terms of spending, Canadian digital shoppers largely purchased high-end products from domestic retail sites that year, with lower-value orders going to U.S.-based providers. On average, 17 percent of internet buyers spent more than 2,000 Canadian dollars on online goods and services, while 25% of digital shoppers spent less than 500 dollars per year.

Canadian shoppers preferred online to in-store shopping, especially high-end products from domestic retail Canadian e commerce websites

Credit card has been the preferred payment method for online shopping for several years

When it comes to online payment, the Canadian e-commerce market has several unique characteristics. Despite many technological developments in the field of online payment services and the proliferation of payment providers, according to a recent study, credit cards have been the preferred payment option for online shopping for some years. This pattern reflects certain Canadians' apprehensions about using digital money and their reluctance to use such services. In 2018, 18% of Canadians said they were very hesitant to make digital transactions. Older internet users are also less likely to utilise a mobile app or e-commerce site to store personal credit card details, but younger mobile users are more interested in and confident of technology like mobile wallets.

Credit card has been the preferred payment method for online shopping for several years

Canadians are happy to use more sophisticated and non-traditional payment methods

Nonetheless, the number of Canadians who are willing to use more complex and non-traditional payment methods is increasing. In 2019, 43.2 percent of Canadian smartphone owners said they used a mobile banking app, while another 20.4 percent said they used the PayPal app to perform financial transactions. Overall, Canadians are showing a rising willingness to embrace the world of e-commerce, are becoming more receptive to new and inventive payment methods, and are improving their confidence in storing data and making purchases online. Despite the fact that progress in Canada's e-commerce industry has been slow, market estimates indicate that the sector will grow significantly in the next few years. These predictions could come true if more Canadian shops and consumers continue to explore and use the benefits of e-commerce.

Canadians are happy to use more sophisticated and non-traditional payment methods

Source: statista.com

2.1. Amazon Canada

Amazon.ca, run by Amazon.com Inc., is an online store that sells across Canada. The internet business first opened its doors in 2002. The majority of their eCommerce net revenues come from Canada. Other nations, such as the United States, account for a modest percentage of eCommerce net sales. In terms of product selection, amazon.ca is a one-stop shop, with products covering a variety of categories such as "Electronics & Media," "Toys, Hobby & DIY," and "Furniture & Appliances."

Competitor Analysis: Electronics & Media in Canada

Amazon.ca is the market leader in Canada's Electronics & Media market, with revenues of more than US$2,500 million in 2020. As a result, amazon.ca is responsible for 40 to 45 percent of eCommerce net sales in this category. Amazon.ca, Apple.com, and Walmart.ca are Canada top ecommerce sites.

Global net sales 2020

US$ 7,390.7 million

Source: ecommercedb.com - Top ecommerce websites in Canada

2.2. Walmart Canada

Walmart.ca is a nationwide online retailer owned by Wal-Mart Canada, Corp. Almost all of their eCommerce net sales come from Canada. Walmart.ca offers a diverse product selection, including "Toys, Hobby & DIY," "Electronics & Media," and "Furniture & Appliances," among other categories. In 2011, the internet store opened.

Competitor Analysis: Toys, Hobby & DIY in Canada

Walmart.ca is rated #2 in the Toys, Hobby & DIY market in Canada, with > US$750 million in 2020. As a result, Walmart.ca is responsible for 10% to 15% of eCommerce net sales in this category. Amazon.ca, Walmart.ca, and Costco.ca are the most popular online retailers in Canada.

Global net sales 2020

US$3,155.3 million

Source: ecommercedb.com - Canada top ecommerce sites

2.3. Costco Canada

Costco Wholesale Canada, Ltd. operates costco.ca, an online business that sells across Canada. Its net eCommerce sales are virtually exclusively generated in Canada. Costco.ca is an all-around online store in terms of product selection, featuring products in categories like "Toys, Hobby & DIY," "Furniture & Appliances," and "Food & Personal Care." The internet store first opened its doors in 2005.

Competitor Analysis: Toys, Hobby & DIY in Canada

Costco.ca is ranked #3 in Canada's Toys, Hobby, and DIY category, with over US$750 million in sales in 2020. As a result, Costco.ca contributes for 10% to 15% of this category's eCommerce net sales. Amazon.ca, Walmart.ca, and Costco.ca are the most popular online retailers in Canada respectively.

Global net sales 2020

US$1,565.6 million

Source: ecommercedb.com - Top ecommerce sites in Canada

2.4. Canadian Tire

Canadian Tire Corporation, Ltd. runs the online store canadiantire.ca, which sells across Canada. Almost all of their eCommerce net sales come from Canada. When it comes to product categories, the "Toys, Hobby & DIY" area accounts for the majority of Canadiantire.ca's eCommerce net sales. The sale also includes items from the category "Furniture & Appliances."

Competitor Analysis: Toys, Hobby & DIY in Canada

Canadiantire.ca is ranked #4 in the Toys, Hobby, & DIY sector in Canada, with > US$750 million in 2020. As a result, in this area, canadiantire.ca accounts for 10% to 15% of eCommerce net sales.

Global net sales 2020

US$977.5 million

Source: ecommercedb.com - Top ecommerce websites in Canada

2.5. Home Depot Canada

Home Depot International, Inc. is the mother company of Homedepot Canada subsidiary, an online store that sells products across Canada via the internet. Almost all of their eCommerce net sales come from Canada. When it comes to product categories, the "Furniture & Appliances'' category accounts for the majority of Homedepot Canada's eCommerce net sales. The sale also includes items from the "Toys, Hobby & DIY'' category. In 2003, the online store was opened.

Competitor Analysis: Furniture & Appliances in Canada

Homedepot.ca is rated #2 in Canada's Furniture & Appliances market, with more than US$750 million in 2020. As a result, homedepot.ca is responsible for 15% to 20% of eCommerce net sales in this category. Amazon.ca, HomeDepot.ca, and Wayfair.ca are the most popular online stores in Canada.

Global net sales 2020

US$1,401.7 million

Source: ecommercedb.com - Top ecommerce sites in Canada

The distribution of information, products, services, or payments via telephone, computer, or other automated media is known as e-commerce. This term encompasses a wide range of electronically conducted commercial activities. E-commerce, on the other hand, is much more comprehensive than just buying and selling goods and services via the internet.

Retail transactions can also be classified as e-commerce if they are carried out by:

• telephone
• fax
• automated banking machine
• credit card
• debit card
• television shopping
• secure private computer networks through electronic data interchange
• the delivery of government services
• business that is handled over the Internet

Source: Government of Canada

All existing tax laws that apply to businesses also apply to businesses conducted over the Internet. If you make money from one or more web pages or websites, you may be required to record the web addresses as well as the amount of money you make from them. Depending on the structure of your company, you may have different reporting needs.

Indicate which of your web pages or websites produce revenue. Identify the top five revenue generators if you have more than five web pages or websites. You do not need to report them if they do not generate income, such as telephone directory websites and information-only webpages.

Examples of web pages or websites that you should include are:

• Websites and websites that allow users to fill up and submit order forms, check out their shopping carts, and perform other related transactions.
• Online marketplace websites where you sell your products or services.
• Web Pages and websites hosted outside of Canada.
• Advertisements, programs or traffic to your site that generate income:

• Static advertisements you place on your site for other businesses
• Affiliate programs
• Advertising programs such as Google AdSense or Microsoft Advertising
• Other types of traffic programs

Source: Government of Canada

As a proportion of your overall gross income, provide the gross income collected from all of your Internet business activities. If you don't know the actual percentage, make a reasonable estimate.

For Partnerships

If your partnership earns income from one or more web pages or websites, currently you do not have to report Internet income information separately.

The Canadian ecommerce market still offers a variety of opportunities for businesses to explore its potential. Enterprises can start opening a new internet business in Canada with a web page and integrate it with a Canadian payment gateway to accept all types of online payments from credit cards to digital payments.

What does PayCEC offer for Canada ecommerce websites

PayCEC is an international payment provider, not only we support SMEs and Startups build up ecommerce sites in Canada with full options of online payment acquiring but also scale up their online business globally.

Free integration

You do not need to be an IT savvy person to handle these sophisticated set up steps. PayCEC development team has supported you with our FREE open source API easily to integrate with. In case you still find it is complicated in setting up your payment platform, PayCEC IT team can take care of it all for you.

Low cost

PayCEC offers multiple pricing packages for our clients to suit their demands. There are various pricing plans for you to choose depending on the payment method and your incorporating jurisdiction. Learn more about cost!

Payment gateway solution for Canadian e commerce websites

Read more:

• Payment gateway in Canada
• Electronic payment gateway
• Digital currency payment gateway
• Payment gateway in USA
• Best payment gateway UK
• UK ecommerce statistics 2021

About us

PayCEC was established in response to the growing need of businesses to accept online payments more quickly and easily. In the new media era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC is a truly global payments platform that not only allows customers to get paid but also withdraws funds to their Business accounts in various currencies.

We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.

PayCEC Team

• [email protected]
• +44 2032 864370
• www.paycec.com