Canada Lands Company is a self-financing, federal commercial Crown corporation. Canada Lands Company parent company and sole shareholder is CLCL, which reports to the Parliament of Canada through the Minister of Public Services and Procurement Canada.
Canada Lands Company operates at arm’s-length from the government in acquiring properties from various federal departments, agencies and Crown corporations. Canada Lands Company optimizes the financial and community value of these strategic government properties that are no longer needed for program purposes.
Canada Lands Company receives no government appropriations and pays any profits not required for its operations as annual dividends to the federal government. Since its reactivation in 1995, Canada Lands Company has achieved success in its many endeavours across the country, including contributions of over $1-billion to the Government of Canada as payment for properties, elimination of carrying costs, payment of taxes and declarations of dividends.
The company also holds and operates certain properties, such as the CN Tower and Downsview Park in Toronto, and the Old Port of Montréal.
For more information about Canada Lands Company’s activities over the years, we encourage you to browse our success stories and view our annual reports archive.