The Canada IPO calendar tracks companies preparing to sell shares to the public for the first time on Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV) or another Canadian marketplace. A new listing in Canada runs through two gates: a securities regulator must issue a receipt for the prospectus, and an exchange must approve the listing. This page shows the calendar, walks through both gates and the escrow rules for insiders, and explains what the tax picture looks like for a Canadian resident, a U.S. taxpayer and an NRI or other Indian resident.
The table below states its own as-of date and is compiled from exchange and regulator information. A prospectus can be withdrawn or repriced, so treat every row as a dated snapshot and confirm on the issuer's filings.
As of 2026-10-23: Checked the TSX new company listings and market-open pages and the CSE news page (all HTTP 200): no operating-company IPO is shown in the window; the only non-fund new TSX listing, Blackrock Silver (BRC, 2026-10-15), is not identified as an IPO on the page, and the CSE releases for St. James Gold (2026-10-13) and ProAm Explorations (2026-10-19) state they moved from the TSX Venture Exchange. SEDAR+ returned a bot-block page and the TSXV and CIRO pages were unreadable, so upcoming Canadian prospectus IPOs could not be verified.
Official calendars and filings checked:
How the IPO process works in Canada
- Preliminary prospectus. The issuer files a preliminary prospectus with the securities regulators, and each regulator issues a receipt. National Instrument 41-101 sets the general prospectus requirements, which apply across provinces.
- Waiting period. The time between the preliminary receipt and the final receipt is the waiting period. The issuer and its dealers may market the offering, including through road shows, but communications carry a legend saying the preliminary prospectus is still subject to completion and that there will be no sale or acceptance of an offer to buy until a receipt for the final prospectus has been issued.
- Final prospectus. An issuer must not file the final prospectus more than 90 days after the receipt for the preliminary prospectus or for an amendment to it, and if it amends the preliminary prospectus the final prospectus must be filed within 180 days of the preliminary receipt.
- Exchange approval. The exchange reviews a listing application. On TSX, a Listings Committee approves applicants, and approval comes as a letter of conditional approval listing outstanding requirements. TSX accepts an application cross-referenced to a long-form prospectus if public distribution requirements are met.
- Trading begins. After the final receipt and exchange conditions are satisfied, the shares trade.
- Escrow. National Policy 46-201 sets escrow rules for principals' securities in an IPO, with different release schedules for established and emerging issuers. Check the current version and the prospectus.
The TSXV and capital pool companies
TSXV classifies listed issuers as Tier 1 or Tier 2. Its capital pool company program lets a newly created company with no assets other than cash and no commercial operations raise a pool of money through an IPO, then use it to find a business to acquire that qualifies it for a regular listing. A capital pool company trades with a ".P" designation until then, so it carries more uncertainty than an operating company.
How to use a Canada IPO calendar
| Field | What to check |
|---|---|
| Status (filed, expected, priced) | Only a final receipt means the offering can close |
| Exchange and board | TSX, TSXV, CSE or Cboe Canada differ in size and rules |
| Offering size and price | Compare with the prospectus, not the calendar |
| Dealers | They decide allocations; confirm your dealer's access |
| Escrow | Insider shares held back reduce early supply |
Risks to understand
- The investor education site GetSmarterAboutMoney.ca says IPOs are usually riskier than a stock that has traded for a while, and recommends reading the prospectus, which describes the business plan and risk factors.
- You will usually pay no commission on an IPO purchase, but underwriters' fees are built into the offering price.
- No one can predict how the price of an IPO will change once trading starts.
- Junior and capital pool listings can trade thinly. See the Canada unusual volume guide for CIRO's halt rules.
Where the official calendars and filings are
- Prospectuses and continuous disclosure are filed on SEDAR+, the national system.
- TSX listing process and TSXV listing process pages explain approval steps.
- The Canadian Securities Exchange and Cboe Canada publish their own listings.
- Securities regulator sites such as the Ontario Securities Commission host the rules and unofficial consolidations of the instruments.
- For other markets see the U.S. IPO calendar and the India IPO calendar.
Tax notes for IPO investors
| Reader | What to remember |
|---|---|
| Canadian resident | A sale is reported on Schedule 3 with half of the gain taxable, and the proceeds are converted to Canadian dollars at the rate when you sold. A TFSA holds qualified investments such as stocks and ETFs, and income there is generally tax-free, though professional-style trading can cost you the account's status. See RRSP, TFSA, FHSA and RESP explained |
| U.S. citizen or resident | Shares of Canadian juniors can raise passive foreign investment company questions; see Form 8621 step by step. A Canadian brokerage account counts for FBAR |
| NRI or Indian resident | A resident remits money abroad under the Liberalised Remittance Scheme; see LRS explained |
The comparison across all three countries is in capital gains compared. Our Aurora, Illinois CPA firm handles the U.S. side, coordinates with your Canadian CPA and does not give investment advice.
Frequently asked questions
What is a waiting period?
The time between the preliminary prospectus receipt and the final prospectus receipt, during which no sales are accepted.
Can I buy shares before the final prospectus is issued?
No. The required legend says no sale or acceptance of an offer to buy occurs until a receipt for the final prospectus is issued.
What does a ".P" next to a TSXV symbol mean?
It marks a capital pool company that has not yet completed its acquisition and listed as a regular issuer.
Does the calendar show every IPO?
No. Some offerings are exempt from the prospectus requirement, and calendars reflect only what their sources list.
Are Canadian IPO gains taxed at the same rate as other gains?
A capital gain is half taxable, but frequent trading can turn gains into business income. Speak with a CPA.
Official sources
- Ontario Securities Commission: Unofficial consolidation of National Instrument 41-101, General Prospectus Requirements
- OSC: Unofficial consolidation of National Policy 46-201, Escrow for Initial Public Offerings
- TMX: TSX listing process
- TMX: TSX Venture Exchange Policy 2.4, Capital Pool Companies
- GetSmarterAboutMoney.ca: Stocks and initial public offerings
- CRA: What is a TFSA
- CRA: Capital gains guide T4037
This page summarizes public guidance in plain language. If anything here differs from the official source, the official source controls.
General information only. It is not tax, legal, accounting or immigration advice for your situation, and rules change; confirm the current rules with the official source or a licensed professional in the relevant country.