Celebrating our 20th anniversary, Veritas is Canada's leading independent equity research firm.

Being independent gives us the ability to say what others can't or won't.

We are proud to count many of North America's largest asset managers, regulators, retail advisors, and private family foundations as clients.

Veritas is headquartered in Toronto and proud to be 100% employee-owned.


Fact-Finding Video Conferences

In April 2020, we started to go "on-the-ground" to speak to industry professionals to find the truth about how the pandemic would affect the future of our economy, our lives, and our investments.

The result was our Fact-Finding Video Conference Series.

Join the Fact-Finding Network for live access to our video conference and full archives


$9.99 per month for the first 100 subscribers


Find out more


"I love the Fact Finders. They make me smarter!" – client

Enjoy FREE ACCESS to Episode 71:

Commercial Real Estate Market Re-Heating 
With Alan MacKenzie, CEO JLL Canada

Special Accounting Series

2nd Annual
Vision 20/21 Series:

Critical accounting issues in each sector under our coverage

Please Enjoy Complimentary Access 
To The Introduction To Our Series

Why Accounting Matters More Now Than Ever

Growing U.S. Equities Special Situations Coverage

Special Situations IPO Report

Krispy Kreme (DNUT):
Sugar High

The U.S.-based donut chain recently completed its second IPO, but we suggest investors avoid its rich valuation. 

Find Out More





We are proud to share that Anthony Scilipoti, Veritas President and CEO, will serve another two years on the Ontario Securities Commission (OSC) Continuous Disclosure Advisory Committee (CDAC). He has served on the committee since 2006.

The CDAC advises the OSC on the planning, implementation, and communication of its continuous disclosure review program and policy.

Through our 20-year history, we at Veritas have been steadfast in our commitment to advising regulators on how to make disclosure and accounting better for investors. Anthony also currently on the Board of the Capital Markets Advisory Committee of the International Accounting Standards Board, while Analyst Howard Leung sits on the Canadian Accounting Standards Board

Anthony is also a former member of the Canadian Accounting Standards Board, the Canadian Institute of Chartered Accountant’s Emerging Issues Committee, and was the Chair of Chartered Professional Accountants of Canada Users Advisory Committee.

News and Insight

July 28, 2021
Canadian restaurant stocks rebound from COVID-19 pandemic, but concerns linger
- Veritas Senior Retail Analyst Kathleen Wong tells The Globe & Mail that quick-service restaurants are the best way to play restaurant stocks as economies re-open from lockdowns.

July 21, 2021
Investors unlikely to reward pandemic-boosted Canadian bank results
- Veritas Financial Services Analyst Nigel D’Souza appeared on BNN Bloomberg to discuss his latest report on the Canadian banks.

July 14, 2021
Oilsands assets worth $13.4 billion may be up for grabs with Big Oil on divestment spree
- Canadian oilsands assets with a potential price tag of $13.4 billion may be up for sale as oil majors divest their heavy oil assets in Western Canada, according to a report from our Veritas Energy Analyst Jeff Craig, as quoted in The Financial Post.

Recent Reports

Telus International (Cda) Inc. - Information Technology
Q2-21: Beat & Raise Off Strong Quarter

Telus Corporation - Communication Services
Q2-21: Like Clockwork

Topaz Energy Corp. - Energy
Q2-F21: Profitable Growth in A Low Growth World

ARC Resources Ltd. - Energy
Q2-F21: Crowning the Montney King