Corporate History

Canada Lands Company (CLC) is a self-financing, federal commercial Crown corporation, which was activated in 1995. CLC’s parent company and sole shareholder, CLCL, reports to the Parliament of Canada through the Minister of Transport, Infrastructure and Communities.

CLC optimizes the financial and community value of strategic government properties no longer needed for program purposes. The company also holds and operates certain properties, such as the CN Tower in Toronto. In this role, CLC operates at arm’s-length from the government in acquiring properties from various federal departments, agencies and Crown corporations.

After taking title to properties no longer needed for program purposes from the federal government, CLC then revitalizes and reintegrates them into their local communities. The company accomplishes this by purchasing the properties at fair market value and then creating additional value for communities and the Government of Canada through such redevelopment activities as rezoning, planning and site servicing. CLC then either holds and manages these properties, or sells them to the private sector.

CLC 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, CLC has achieved success in its many endeavours across the country, including the distribution of approximately $372 million dollars to its sole shareholder, the Government of Canada.*

For more information about CLC's activities over the years, feel free to peruse our annual reports by visiting the documents section of the Canada Lands Company Limited parent company Web site.

* Distributions are a combination of dividends, note repayments and cash acquisitions.