This section presents an alphabetical list of parent Crown corporations together with their subsidiaries, legal partnerships, and associates. Corporations without holdings were excluded to simplify the presentation for the year ending March 31, 2025. This information is updated on an annual basis.
Crown corporation
Subsidiaries/associatesFootnote *
Business Development Bank of Canada (BDC)
Subsidiary held at 100 per cent
Subsidiary held at 50 to 99 per cent
AlterInvest II Fund L.P. (50 per cent)
Associate held at less than 50 per cent
Go Capital, L.P. (20 per cent)
Canada Development Investment Corporation
Subsidiaries held at 100 per cent
Canada Eldor Inc.
Canada Enterprise Emergency Funding Corporation
Canada Growth Fund Inc.
Canada Hibernia Holding Corporation
Canada Innovation Corporation
Canada TMP Finance Limited
Trans Mountain Corporation
Canada Indigenous Loan Guarantee Corporation
16342451 Canada Inc.
Canada Lands Company Limited
Subsidiaries held at 100 per cent
Canada Lands Company CLC Limited
Old Port of Montréal Corporation Inc.
Parc Downsview Park Inc.
Canada Pension Plan (CPP) Investment Board
Subsidiaries held at 100 per cent
13545245 Canada Inc.
15323657 Canada Inc.
15323681 Canada Inc.
15323720 Canada Inc.
15323797 Canada Inc.
8682372 Canada Inc.
CPP Investment Board (USRE) Inc.
CPP Investment Board (USRE II) Inc.
CPP Investment Board (USRE III) Inc.
CPP Investment Board (USRE IV) Inc.
CPP Investment Board (USRE V) Inc.
CPP Investment Board (USRE VI) Inc.
CPP Investment Board Europe Inc.
CPP Investment Board PMI-1 Inc.
CPP Investment Board PMI-2 Inc.
CPP Investment Board PMI-3 Inc.
CPP Investment Board PMI-4 Inc.
CPP Investment Board Private Debt Holdings Inc.
CPP Investment Board Private Holdings Inc.
CPP Investment Board Private Holdings (2) Inc.
CPP Investment Board Private Holdings (3) Inc.
CPP Investment Board Private Holdings (4) Inc.
CPP Investment Board Private Holdings (5) Inc.
CPP Investment Board Real Estate Holdings - Australia Inc.
CPP Investment Board Real Estate Holdings (2) Inc.
CPP Investment Board Real Estate Holdings Inc.
CPPIB AE Investments Asia Limited
CPPIB America, Inc.
CPPIB Appalachia Midstream Holdings Canada Inc.
CPPIB Asia Inc.
CPPIB Asia International Limited
CPPIB Banjo Canada Inc.
CPPIB BCT Canada Inc.
CPPIB Calpine Canada Inc.
CPPIB Canada Inc.
CPPIB Capital Inc.
CPPIB Crestone Peak Resources Canada Inc.
CPPIB Duke Canada Inc.
CPPIB Epsilon Ontario Trust
CPPIB Equity Investments Inc.
CPPIB European Student RE Holdings Inc.
CPPIB Global Opportunities Canada Inc.
CPPIB Global Opportunities GP, Ltd.
CPPIB Grand Paris Express Canada Inc.
CPPIB India Holdings Inc.
CPPIB India Private Holdings Inc.
CPPIB Infrastructure Holdings Inc.
CPPIB International Holdings Inc.
CPPIB LAV Holdings Inc.
CPPIB MAP Cayman SPC
CPPIB NZ Airport Holding Inc.
CPPIB Park Lawn Canada Inc.
CPPIB PE Investments Asia Limited
CPPIB RA Investments Asia Limited
CPPIB RE Multifamily Canada Inc.
CPPIB Real Estate Debt Investments Inc.
CPPIB Redaptive Canada Holdings Inc.
CPPIB Roads Hold Co Pty Ltd
CPPIB South America Consultoria em Investimento Ltda.
CPPIB SyndiCo Canada Inc.
CPPIB US Malls General Partner1 Inc.
CPPIB US Malls General Partner2 Inc.
CPPIB US Malls General Partner3 Inc.
CPPIB US Malls General Partner4 Inc.
CPPIB US Malls General Partner5 Inc.
CPPIB US Malls General Partner6 Inc.
CPPIB US Malls General Partner7 Inc.
CPPIB US Malls General Partner8 Inc.
CPPIB US Malls General Partner9 Inc.
CPPIB US Malls General Partner10 Inc.
CPPIB US Malls General Partner11 Inc.
CPPIB US Malls General Partner12 Inc.
CPPIB US Malls Secured General Partner Inc.
CPPIB US Malls Secured SM Inc.
CPPIB US Malls SM1 Inc.
CPPIB US Malls SM2 Inc.
CPPIB US Malls SM3 Inc.
CPPIB US Malls SM4 Inc.
CPPIB US Malls SM5 Inc.
CPPIB US Malls SM6 Inc.
CPPIB US Malls SM7 Inc.
CPPIB US Malls SM8 Inc.
CPPIB US Malls SM9 Inc.
CPPIB US Malls SM10 Inc.
CPPIB US Malls SM11 Inc.
CPPIB US Malls SM12 Inc.
CPPIB US RE-2, Inc.
CPPIB US RE-4, Inc.
CPPIB Wolf Canada GP Inc.
Canada Post Corporation
Subsidiaries held at 100 per cent
2875039 Canada Limited
2875047 Canada Limited
3906949 Canada Inc.
Subsidiaries held at 50 to 99 per cent
Purolator Holdings Ltd. (92.85 per cent through the Corporation, 2875047 Canada Limited and 2875039 Canada Limited)
4444655 Canada Inc. (100 per cent) and its subsidiaries
4444655 (Delaware) Corp (100 per cent)
Purolator Inc. (100 per cent) and its subsidiaries
Purolator Holdings U.S. Ltd. (100 per cent)
Purolator International. Inc. (100 per cent)
Purolator Trade Solutions Ltd. (51 per cent)
Williams Pharma Logistics (100 per cent)
Livingston Entities (100 per cent)
Canadian Broadcasting Corporation
Subsidiaries held at 50 to 99 per cent
Canadian Documentary Channel, The (82 per cent)
Associates held at less than 50 per cent
Cable North Microwave Limited (1 share)
Master FM Limited (20 per cent)
TV5 Monde (6.7 per cent)
Visnews Limited (1 share)
Export Development Canada
Subsidiary held at 100 per cent
Exinvest Inc.
Development Finance Institute Canada (DFIC) Inc.
Federal Bridge Corporation Limited, The
Subsidiaries held at 100 per cent
Seaway International Bridge Corporation, Ltd., The
Public Sector Pension Investment Board (PSPIB)
Subsidiaries held at 100 per cent (including only its first level subsidiaries)
14602889 CANADA INC.
3NET INDY HOLDINGS INC.
3NET INDY INVESTMENTS INC.
7986386 CANADA INC.
8599963 CANADA INC.
ARGENTIA PRIVATE INVESTMENTS INC.
AVIALLIANCE CANADA INC.
BELLE BAY PRIVATE INVESTMENTS INC.
Blue & Gold Private Investments Inc.
CANADA GROWTH FUND INVESTMENT MANAGEMENT INC. GESTION D'ACTIFS FONDS DE CROISSANCE DU CANADA INC.
Datura Private Investments Inc.
FCFA Management Pty Ltd
FirstLight Holding Inc.
Galvaude Private Investments Inc.
Indo-Infra Inc.
INFRA TM INVESTMENTS INC.
INFRA-PSP CANADA INC.
Infra-PSP Credit Inc.
INFRA-PSP ECEF INC.
INFRA-PSP PARTNERS INC.
Ivory Private Investments Inc.
KINGS ISLAND PRIVATE INVESTMENTS INC.
NORTHERN FJORD HOLDINGS INC.
Port-aux-Choix Private Investments Inc.
POTTON HOLDINGS INC.
PSP Capital Inc.
PSP FINCO INC.
PSP FINCO LATAM INC.
PSP Investments Asia Limited
PSP INVESTMENTS CANADA INC. /INVESTISSEMENTS PSP CANADA INC
PSP INVESTMENTS HOLDING EUROPE LTD
PSP Public Credit I Inc.
PSP PUBLIC CREDIT OPPORTUNITIES INC.
PSP PUBLIC MARKETS INC.
PSPIB BROMONT INVESTMENTS INC.
PSPIB CLUSTER INVESTMENTS INC.
PSPIB DEEP SOUTH INC.
PSPIB DEVCOL INC.
PSPIB EMERALD INC.
PSPIB G.P. FINANCE INC.
PSPIB G.P. INC.
PSPIB G.P. PARTNERS INC.
PSPIB GIPP D1 INC.
PSPIB GOLDEN RANGE CATTLE II INC.
PSPIB GOLDEN RANGE CATTLE INC.
PSPIB HOMES INC.
PSPIB KENTUCKY INVESTMENTS INC.
PSPIB KYLIX LLC
PSPIB LUNAR INVESTMENTS INC.
PSPIB MEXICO GP INC.
PSPIB Michigan G.P. Inc.
PSPIB ORCHID INC.
PSPIB PAISAS INC.
PSPIB PENNSYLVANIA INVESTMENTS INC.
PSPIB Raleigh LLC
PSPIB REALTY INTERNATIONAL INC./ PSPIB IMMOBILIER INTERNATIONAL INC.
PSPIB Realty U.S. Inc.
PSPIB REITCO I Inc.
PSPIB Royalty 1 Inc.
PSPIB Silvercup LLC
PSPIB STANLEY INVESTMENTS INC.
PSPIB STEAM INVESTMENTS INC.
PSPIB THOR INVESTMENTS INC.
PSPIB Uluru Investments Pty Ltd
PSPIB UNITAS INVESTMENTS II INC.
PSPIB UNITAS INVESTMENTS INC.
PSPIB WEXFORD INVESTMENTS INC.
PSPIB-AI INVESTMENTS INC.
PSPIB-ANDES INC.
PSPIB-ARE CANADA INC.
PSPIB-ARE SERVICES INC.
PSPIB-CONDOR INC.
PSPIB-ELDORADO INC.
PSPIB-ILS HOLDINGS INC.
PSPIB-ILS INVESTMENTS INC.
PSPIB-LSF INC.
PSPIB-RE FINANCE II INC.
PSPIB-RE Finance Inc.
PSPIB-RE FINANCE PARTNERS II INC.
PSPIB-RE Finance Partners Inc.
PSPIB-RE MANCHESTER INC.
PSPIB-RE Partners II Inc.
PSPIB-RE Partners Inc.
PSPIB-RE UK INC.
PSPIB-SDL INC.
PSPIB-STAR INC.
Red Isle Private Investments Inc.
REVERA INC.
SOOKE INVESTMENTS INC.
Trinity Bay Private Investments Inc.
VERTUOUS ENERGY CANADA INC.
Vertuous Energy LLC
VOP INVESTMENTS INC.
Royal Canadian Mint (RCM)
Subsidiary held at 100 per cent
VIA Rail Canada Inc.
Subsidiary held at 100 per cent
Footnotes
Footnote *
Note that the Subsidiaries/associates column may not contain all of the indirectly held corporate holdings or all those held at less than 100 per cent. For certain corporations, such as the pension boards, details on their specific holdings and investments may be considered commercially sensitive information, which cannot be made public.
Return to footnote * referrer
