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In Canada, "Heart of Gold" reached No. 1 on the RPM national singles chart for the first time on April 8, 1972, on which date Young held the top spot on both the singles and albums charts. Billboard ranked it as the No. 17 song for 1972. In 2004, Rolling Stone ranked it No. 297 on their list of the 500 greatest songs of all time. The song, which features backup vocals of James Taylor and Linda Ronstadt. In 2005, "Heart of Gold" was named the third greatest Canadian song of all time on the CBC Radio One series 50 Tracks: The Canadian Version. It ranked behind only Barenaked Ladies' "If I Had $1,000,000" and Ian and Sylvia's "Four Strong Winds"