Industry

52393 Investment advice

Services de conseils en placement

Official definition

This industry comprises establishments primarily engaged in providing investment advice to others on a fee basis, provided that they do not also have the authority to execute trades. Establishments in this industry may communicate their advice both directly to their clients and via printed or electronic media as part of a subscription service. Establishments providing financial planning advice, investment counseling and investment research are included.

Classification Reference

Official classification fields for this page

Official classification fields taken from the current StatCan source bundle.

Characteristic Description
Official titleInvestment advice
ClassificationNAICS Canada 2022 Version 1.0
Publishing authorityStatistics Canada
Hierarchical levelIndustry
Parent code5239 - Other financial investment activities
International correspondenceISIC Rev. 4; harmonized with US and Mexico NAICS at higher levels.
Sourcehttps://www.statcan.gc.ca/en/subjects/standard/naics/2022/v1/index
Source verification2026-05-05
Canada Business Context

Canada-wide tax and filing context

Canada-wide business, tax, and filing context from the local country pack and tax pack.

Characteristic Description
Tax authorityCanada Revenue Agency (CRA)
Business identifierBusiness Number (BN): 9-digit identifier with program account suffixes such as RT0001 for GST/HST, RP0001 for payroll, and RC0001 for corporate income tax.
Filing requirementsBusiness Number registration; Form T2125 (Statement of Business or Professional Activities) attached to T1; Form T2 (Corporation Income Tax Return); Form T5013; Form GST34
Sector authorityOffice of the Superintendent of Financial Institutions (OSFI) and provincial securities commissions

Classification Confidence Score

3 of 5 factors passing

6/ 10
Verified official sourcenaics-scian-2022-structure-v1-eng.csv (2026-05-05)
International crosswalkNo international correspondence found
Previous edition migrationNAICS 2017 to 2022 continuity confirmed
Complete hierarchy4 levels confirmed in hierarchy
Size or threshold documentedNot applicable for hub levels
Trade or export matchNo direct HS code correspondence in current bundle
Legacy crosswalkLegacy system (SIC 1980) retired in this region
Business Profiles

When you might need code 52393

Professions specific to this sector are linked to this part of the Canadian classifier so the page speaks to real work teams.

01 52393
Payments compliance lead

Use this page when the file covers merchant screening, payment operations, transaction monitoring, and processor onboarding. It helps confirm whether 52393 Investment advice is the closest NAICS Canada branch before BN registration, GST/HST review, banking onboarding, procurement notes, or internal classification work.

02 52393
Commercial lending manager

Use this page when the file covers business loans, credit files, borrower reviews, and portfolio servicing. It helps confirm whether 52393 Investment advice is the closest NAICS Canada branch before BN registration, GST/HST review, banking onboarding, procurement notes, or internal classification work.

03 52393
Credit union branch manager

Use this page when the file covers member banking, deposit products, local lending, and branch oversight. It helps confirm whether 52393 Investment advice is the closest NAICS Canada branch before BN registration, GST/HST review, banking onboarding, procurement notes, or internal classification work.

04 52393
Insurance brokerage principal

Use this page when the file covers policy placement, renewals, client coverage reviews, and carrier submissions. It helps confirm whether 52393 Investment advice is the closest NAICS Canada branch before BN registration, GST/HST review, banking onboarding, procurement notes, or internal classification work.

Business Map

Business categories in this branch

A rotating set of business activity examples linked to this part of the Canadian hierarchy.

Insurance workCredit servicesBanking servicesInvestment advice

Source row

52393Investment advice

This page mirrors the source row from the structure CSV and the matching rows from the elements and crosswalk files.

Frequently asked questions

What does code 52393 cover?

Investment advice: This industry comprises establishments primarily engaged in providing investment advice to others on a fee basis, provided that they do not also have the authority to execute trades. Establishments in this industry may communicate their advice both directly t...

Which level of the hierarchy is 52393?

It is a industry page in the NAICS Canada 2026 hierarchy.

What is the parent of 52393?

It rolls up to 5239 Other financial investment activities.

Should I stop at 52393 or go lower?

1 lower-level item(s) sit under this branch: Investment advice.

Are official inclusion notes attached to 52393?

No inclusion rows are attached to this page in the local elements file.

Are there exclusion notes for 52393?

No exclusion rows are attached to this page in the local elements file.

Does 52393 include illustrative examples?

No example rows are attached on this page in the local elements file.

What kinds of businesses often start from this page?

Examples in this branch include Insurance work, Credit services, Banking services, Investment advice.

Is there an ISIC mapping for 52393?

No ISIC correspondence row is attached to this page.

Does this page show a US NAICS reference?

No same-code US NAICS reference row is attached on this page.

Why are both English and French titles shown?

NAICS Canada is bilingual, so the page keeps both language titles visible for comparison and lookup.

Where does the page text come from?

From the local StatCan structure file, elements file, ISIC crosswalk, and the bundled US 6-digit reference workbook.