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Crown corporations in Canada (French: Société de la Couronne)[1] are government organizations with a mixture of commercial and public-policy objectives.[2][3] They are directly and wholly owned by the Crown (i.e. the government of Canada or a province).[2]
Crown corporations represent a specific form of state-owned enterprise.[4][5][6] Each corporation is ultimately accountable to (federal or provincial) Parliament through a relevant minister for the conduct of its affairs.[7] They are established by an Act of Parliament and report to that body via the relevant minister in Cabinet, though they are "shielded from constant government intervention and legislative oversight" and thus "generally enjoy greater freedom from direct political control than government departments."[3]
Crown corporations are distinct from "departmental corporations" such as the Canada Revenue Agency.[2][6]
Crown corporations have a long-standing presence in the country and have been instrumental in its formation. They can provide services required by the public that otherwise would not be economically viable as a private enterprise or that do not fit exactly within the scope of any ministry.[6] They are involved in everything from the distribution, use, and price of certain goods and services to energy development, resource extraction, public transportation, cultural promotion, and property management.
As of 2022[update], there were 47 federal Crown corporations in Canada.[8] Provinces and territories operate their own Crown corporations independently of the federal government.
Canada Development Investment Corporation... is wholly-owned by Her Majesty in Right of Canada
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