Canada Lands Company Limited

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Responsibilities

CLCL optimizes the financial and community value obtained from strategic surplus properties no longer required for program purposes by the Government of Canada. It works this through its non-agent subsidiary, CLC, to purchase strategic surplus properties at fair market value, then improves, manages or sells them in order to produce the best possible benefits for both local communities and the Company's sole shareholder, the Government of Canada.

CLCL is a Canada Business Corporations Act corporation and is listed in Schedule III, Part 1 of the Financial Administration Act. It is an agent of Her Majesty and is the parent company of one wholly owned active subsidiary:

Canada Lands Company CLC Limited – a non-agent Crown corporation, which carries out the core real estate business, owns and manages Canada's National Tower (the CN Tower), and is active in 20 municipalities across Canada;

CLCL also holds shares in trust for Her Majesty in right of Canada of two other Crown corporations:

Parc Downsview Park Inc., an agent Crown corporation, – which was incorporated in 1998 to manage and develop the former Canadian Forces Base (CFB) Toronto lands as Downsview Park, and which reports to Parliament as a deemed parent Crown corporation; and

Old Port of Montréal Corporation Inc., an agent Crown corporation – which is responsible for redeveloping and managing the Old Port of Montréal and which also reports to Parliament as if it were a parent Crown corporation.

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