Canada Development Investment Corporation information
Canadian Crown corporation; founded 1982
Not to be confused with Canada Development Corporation.
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Canada Development Investment Corporation
Native name
Corporation de développement des investissements du Canada
Company type
Crown corporation
Industry
Investment management
Founded
1982; 42 years ago (1982)
Headquarters
302-1240 Bay Street,
Toronto, Ontario
,
Canada
Key people
Stephen Swaffield (Chair)
Owner
Government of Canada
Website
cdev.gc.ca
The Canada Development Investment Corporation (CDEV;[a] French: Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of the King-in-Council.[1] CDEV was incorporated under the Canada Business Corporations Act in 1982 and was initially intended to be a temporary entity, with legislation passed in 1998 directing the corporation's mandate to be focussed solely on orderly dissolution and divestment of its holdings. However, the Government of Canada announced in 2007 that CDEV would continue operations.[2]
Owned in full by the Crown and managed by a Toronto-based board of directors,[3] CDEV is accountable to the Parliament of Canada through the Minister of Finance.[2] Any changes in corporate structure or purchases of new assets must be directed by the King-in-Council.[4]
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^Canada Development Investment Corporation (2008), Annual Report 2008(PDF), Ottawa: Queen's Printer for Canada, p. 4, archived from the original (PDF) on 6 August 2010, retrieved 21 April 2010
^ abCanada Development Investment Corporation. "About CDIC > Overview". Queen's Printer for Canada. Archived from the original on 2010-08-05. Retrieved 21 April 2010.
^CDIC 2008, p. 13
^CDIC 2008, p. 3
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