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2001 Annual Report To Parliament - Crown Corporations and Other Corporate Interests of Canada

Crown Corporations' Corporate Holdings

This chapter presents statistical information on Crown corporations and their corporate holdings as of August 31, 2001. Readers should note however that the information in the rest of the report, unless otherwise noted, is as of the financial year- ends of the corporations prior to July 31, 2001.

The information is provided in three parts:

Statistical Summary shows the number of parent Crown corporations and their subsidiaries, legal partnerships and associates on a comparative basis with those of the previous year.

Changes During the Year shows the changes that occurred with regard to parent Crown corporations and their subsidiaries, legal partnerships and associates between August 31, 2000 and August 31, 2001.

Crown Corporations' Corporate Holdings presents a comprehensive list of parent Crown corporations and their subsidiaries, legal partnerships and associates.

STATISTICAL SUMMARY

Number of Parent Crown Corporations, Their Wholly Owned Subsidiaries, and Other Subsidiaries, Associates and Legal Partnerships (as of August 31)

	2001	2000
Parent Crown Corporations	41	41
Wholly Owned Subsidiaries (100%)	20	22
Other Subsidiaries, Associates and Legal Partnerships	30	25

CHANGES DURING THE YEAR

Canada Ports Corporation	Deleted
Canada Post Corporation Subsidiaries held at 100%
3106900 Canada Inc.	Deleted
3906949 Canada Inc.	Added
- Progistix-Solutions Inc.	Added
- Intelcom Courier Canada Inc.	Added
Subsidiary held at 50 - 99%
EPO Holding Inc.	Added
- EPO Inc.	Added
Legal Partnership held at 50%
Electronic Post OfficeTM	Deleted
Canadian Broadcasting Corporation Associates held at less than 50%
ARTV	Added
Country Canada	Added
Canadian Tourism Commission	Added
Enterprise Cape Breton Corporation Associate held at less than 50%
Lynwood Inn Limited	Deleted
Farm Credit Canada	Name changed¹
Federal Bridge Corporation Limited, The Subsidiary held at 50 - 99%
St. Mary's River Bridge Company	Added
Marine Atlantic Inc. Subsidiary held at 100%
Newfoundland Dockyard Corporation	Deleted
Petro-Canada Limited	Deleted
Ridley Terminals Inc.	Added²

______________________________

¹ Name changed from Farm Credit Corporation.

² Upon dissolution of the Canada Ports Corporation on November 1, 2000, Ridley Terminals Inc. became a parent Crown corporation.

CROWN CORPORATIONS' CORPORATE HOLDINGS

1. Atlantic Pilotage Authority
2. Atomic Energy of Canada Limited
Subsidiaries held at 100% AECL Technologies B.V. AECL Technologies Inc.
3. Bank of Canada
4. Business Development Bank of Canada
	Associate held at less than 50% Cominco Ltd.¹
5. Canada Council
6. Canada Deposit Insurance Corporation
7. Canada Development Investment Corporation
Subsidiaries held at 100% Canada Eldor Inc. Canada Hibernia Holding Corporation and its associate - Hibernia Management and Development Company Ltd. (8.5%)
8. Canada Lands Company Limited
Subsidiaries held at 100% 3148131 Canada Limited² Canada Lands Company CLC Limited Old Port of Montreal Corporation Inc.³ Parc Downsview Park Inc.
9. Canada Mortgage and Housing Corporation
10. Canada Pension Plan Investment Board
11. Canada Post Corporation
Subsidiaries held at 100% 2875039 Canada Limited (100%) and its subsidiary Purolator Holdings Ltd. (71.1%) and its subsidiaries 964102 Ontario Inc. (100%) Purolator Courier Ltd. (100%) and its subsidiaries 3558533 Canada Inc. (100%) Canadian Teleservices Corporation (100%) Distribution Management Services Inc. (100%) Purolator Customs Services Ltd. (100%) Purolator Holdings U.S. Ltd. (100%) and its subsidiary Purolator Courier U.S. Ltd. (100%) Supercourier (1987) Ltd. (100%) 2875047 Canada Limited 3906949 Canada Inc. (100%) and its subsidiaries Progistix-Solutions Inc. (97.37%) Intelcom Courier Canada Inc. (50%) Canada Post International Limited	Subsidiary held at 50 - 99% EPO Holding Inc. (50%) and its subsidiary EPO Inc. (93.1%) Associates held at less than 50% Co-operative Vereniging International Post Corporation U.A. (6.1%) and its subsidiaries IPC Technology S.C. (96%) IPC Unipost S.C. (96%) Purolator Holdings Ltd. (23.5%)
12. Canadian Broadcasting Corporation
	Associates held at less than 50% ARTV (37%) Cable North Microwave Limited (1 share) Country Canada (30 shares) Master FM Limited (20%) Visnews Limited (1 share)
13. Canadian Commercial Corporation
14. Canadian Dairy Commission
15. Canadian Film Development Corporation
16. Canadian Museum of Civilization
17. Canadian Museum of Nature
18. Canadian Race Relations Foundation
19. Canadian Tourism Commission
20. Cape Breton Development Corporation
Subsidiary held at 100%
Cape Breton Carbofuels Limited²
21. Defence Construction (1951) Limited
22. Enterprise Cape Breton Corporation
Subsidiaries held at 100% Cape Breton Growth Fund Corporation⁴ Cape Breton Marine Farming Limited² DARR (Cape Breton) Limited² Gulf Bras D'Or Estates Limited²	Associates held at less than 50% Bell Bay Golf Developments Incorporated Canadian Tennis Technology Limited Carol Rizzetto Realty Limited Partnership General Mining Building Limited Silver Screen Star Limited
23. Export Development Corporation
Subsidiary held at 100% Exinvest Inc.
24. Farm Credit Canada
25. Federal Bridge Corporation Limited, The
Subsidiaries held at 100% Jacques Cartier and Champlain Bridges Incorporated, The Seaway International Bridge Corporation, Ltd., The Subsidiary held at 50 - 99% St. Mary's River Bridge Company
26. Freshwater Fish Marketing Corporation
27. Great Lakes Pilotage Authority
28. International Development Research Centre
29. Laurentian Pilotage Authority
30. Marine Atlantic Inc.
31. National Arts Centre Corporation
32. National Capital Commission
33. National Gallery of Canada
34. National Museum of Science and Technology
35. Pacific Pilotage Authority
36. Public Sector Pension Investment Board
37. Queens Quay West Land Corporation
38. Ridley Terminals Inc.⁵
39. Royal Canadian Mint
40. Standards Council of Canada
41. VIA Rail Canada Inc.

____________________________________

1. Only non-voting preferred shares are held.

2. Inactive corporation.

3. Old Port of Montreal Corporation Inc., a wholly owned subsidiary of the Canada Lands Company Limited, has been directed by Order in Council (P.C. 1987-86) to report as if it were a parent Crown corporation.

4. Cape Breton Growth Fund Corporation, a wholly owned subsidiary of the Enterprise Cape Breton Corporation, has been directed by Order in Council (P.C. 2000-1341) to report as if it were a parent Crown corporation.

5. Upon dissolution of the Canada Ports Corporation on November 1, 2000, Ridley Terminals Inc. became a parent Crown corporation

Other Corporate Interests of Canada

This chapter provides information on:

share-capital corporations partially owned by the federal government;
corporations without share capital (for example, not-for-profit corporations) for which the government has a legal right to appoint, or approve the appointment of, at least one member to the board of directors or other governing body; and
organizations formed pursuant to an international agreement where the federal government holds shares in the organization or has a right to appoint, or approve the appointment of, some number of members to the governing body.

For share-capital corporations, the listing shows the degree of federal ownership. For non-share-capital corporations, the listing includes fractions showing the number of federally appointed board members over the total number of board members.

The latter is intended to illustrate the degree of federal influence over an entity in cases where control cannot be expressed in terms of share ownership. Thus, in this context, a "federal appointee" may be an individual appointed by Order of the Governor in Council or by any one of a number of other mechanisms. Examples of such mechanisms may include appointment by a minister or by a Crown corporation. Federal public servants occupying board positions on an ex officio basis are also counted as federal appointees for these purposes.

Corporations named in this chapter are grouped as follows:¹

Mixed Enterprises

Corporate entities whose shares are partially owned by Canada, through a minister. Private-sector parties own the remaining shares.

Joint Enterprises

Corporate entities whose shares are partially owned by Canada, through a minister. The balance of shares is owned by another level of government.

International Organizations

International organizations are corporate entities created pursuant to international agreements under which Canada holds shares or has a right to appoint or elect some number of members to a governing body.

Shared-governance Corporations

This category includes corporate entities without share capital for which Canada, either directly or through a Crown corporation, has a right pursuant to statute, articles of incorporation, letters patent, by- law or any contractual agreement (including funding or contribution agreements) to appoint or nominate one or more members to the governing body.

Corporations under the terms of the Bankruptcy and Insolvency Act

This group includes corporate entities whose shares are partially owned by Canada following receipt by a trustee in bankruptcy.

NUMBER OF OTHER CORPORATE INTERESTS

Year-Over-Year Comparison

Other Corporate Interests of Canada	March 31, 2001	March 31, 2000
Mixed enterprises	1	1
Joint enterprises	3	3
International organizations	18	17
Shared-governance corporations	133	133
Corporations under the terms of the Bankruptcy and Insolvency Act	20	20

OTHER CORPORATE INTERESTS - ADDITIONS AND DELETIONS

During the year ending March 31, 2001

Mixed Enterprises	No Additions or Deletions
Joint Enterprises	No Additions or Deletions
International Organizations
World Anti-Doping Agency	Added
Shared-governance corporations
Aéroport de Québec Inc.	Name changed¹
Army Benevolent Fund	Deleted
Canadian Coordinating Office for Health Technology Assessment	Added
Foundation Jacques Gagnon Inc.	Deleted
GEAGRI	Deleted
Genome Canada	Added
Institut de commerce électronique	Deleted
Prince Edward Island Adapt Council Inc. (PEIAC)	Name changed²
Quartier international de Montréal	Added
Société de développement à l'exportation de la Rive-Sud de Montréal	Added
Corporations held under the terms of the Bankruptcy and Insolvency Act	No Additions or Deletions

^{______________________________}

¹Name changed from Société aéroportuaire de Québec

²Name changed from Adaptation Development Agricultural Production Technology Council Farm Centre (ADAPT)

MIXED ENTERPRISES

Responsible Minister Corporation's Name and Role	Head Office Information	Statutory Authority and Year Incorporated	Fiscal Year End Total Assets (A) Liabilities (L) Auditor	Federal Ownership
*Minister of Finance*
Petro-Canada
To enhance shareholder's value through development, production and distribution of hydrocarbons and other types of fuel and energy.	PO Box 2844 Calgary AB T2P 3E3 (403) 296-8000	Canada Business Corporations Act, 1975	December 31 A = $10.13B L = $3.53B Arthur Andersen llp	18.14%

JOINT ENTERPRISES

Responsible Minister Corporation's Name and Role	Head Office Information	Statutory Authority and Year Incorporated	Fiscal Year End Total Assets (A) Liabilities (L) Auditor	Federal Ownership
*Minister of Industry and Minister responsible for Canada Economic Development*
Société du parc industriel et portuaire Québec-Sud
To conduct the sale of the corporation's lands and to suggest an alternative solution to two levels of government on the use of the proceeds of this sale since the lands are unsuitable for an industrial infrastructure.	Bureau 303 13, rue St-Louis Lévis QC G6V 4E2 (418) 833-5925	Special act of the Quebec Government (1974)	March 31 A = $2.5M L = $0M Auditor General of Quebec	40%
*Minister of Industry and of Western Economic Diversification*
North Portage Development Corporation & The Forks Renewal Corporation
To foster the social and economic redevelopment of the North Portage area in Winnipeg.	201 - 1 Forks Market Rd. Winnipeg MB R3C 4L9 (204) 943-7752	Manitoba Corporations Act, 1983	March 31 A = $103.8M L = $7.4M Deloitte & Touche	33.3%
*Minister of Natural Resources*
Lower Churchill Development Corporation Limited
To establish a basis for the development of all or part of the hydroelectric potential of the Lower Churchill basin and the line transmission of this energy to markets.	PO Box 12700 St. John's NF A1B 3T5 (709) 737-1400	Newfoundland Companies Act, 1978	December 31 A = $30M L = $0M Ernst & Young	49%

INTERNATIONAL ORGANIZATIONS

Responsible Minister Corporation's Name and Role	Head Office Information	Statutory Authority and Year Incorporated	Auditor	Federal Ownership or Board Appointees¹
*Minister of Canadian Heritage*
World Anti-Doping Agency
To promote and coordinate at the international level the fight against doping in sport in all forms.	Avenue du Tribunal-Fédéral 34 1005 Lausanne Switzerland +41-21-351-02-25	Incorporated under Swiss Law as a not for profit organization, 1999	Price Waterhouse Coopers	1/34
*Minister of the Environment*
International Lake Memphremagog Levels Board
A forum for dispute resolution regarding the regulation of the levels of Lake Memphremagog in accordance with international obligations and federal and provincial legislation.	a/s EC Région du Québec Bureau 300 100, boul. Alexis-Nihon St-Laurent QC H4M 2N8 (514) 283-1628	The Board was created pursuant to an agreement between the governments of Canada and the U.S.A.	n/app*	1/2
International Lake of the Woods Control Board
Lake of the Woods is an international boundary water. The Lake of the Woods Control Board is responsible for the regulation of levels in the Lake of the Woods and Lac Seul and flows in the Winnipeg and English Rivers downstream of these lakes to their junction, in accordance with international obligations and federal and provincial legislation.	c/o EC Environmental Conservations Branch 351 St-Joseph Blvd. Hull QC K1A 0H3 (819) 953-5475	The Board was created pursuant to Section 2 of the Lake of the Woods Control Board Act and is further mandated by the Canada-U.S. Boundary Waters Treaty (Convention and Protocol, 1925).	n/app	1/2
International Niagara Committee
To determine the amount of water available for the purposes of the Treaty and to record the amounts of water used for power diversions.	c/o EC Ontario Region 867 Lakeshore Rd. PO Box 5050 Burlington ON L7R 4A6 (905) 336-4713	The Niagara Diversion Treaty, 1950 as administered by the Department of Foreign Affairs and International Trade and the U.S. State Department	n/app	1/2
International Porcupine Caribou Management Board
The Board makes recommendations and provides advice on those aspects of the conservation of the Porcupine Caribou Herd and its habitat that require international co-ordination.	c/o EC Pacific and Yukon Region Canadian Wildlife Service 91782 Alaska Hwy. Whitehorse YT Y1A 5B7 (867) 393-6700	Agreement signed by the U.S.A. and Canada on the Conservation of the Porcupine Caribou Herd, 1987	n/app	4/8
North American Commission for Environmental Co-operation-Joint Public Advisory Committee
The Committee provides advice to the Council of the North American Commission for Environmental Co-operation on matters within the scope of the North American Agreement on Environmental Co-operation, a "side agreement" to the North American Free Trade Agreement.	Pièce 200 393, rue Saint- Jacques O Montréal QC H2Y 1N9 (514) 350-4300	The Committee was created pursuant to the North American Agreement on Environmental Co-operation	n/app	5/15
*Minister of Finance*
European Bank for Reconstruction and Development
To develop a vibrant private sector and to help foster the transition from centrally planned economies to market economies in the new Europe.	One Exchange Square London, England EC2A 2EH 44-20-7338-6000	European Bank for Reconstruction and Development Agreement Act, 1991	Arthur Andersen	3.43%
International Bank for Reconstruction and Development
To assist in the reconstruction and development of territories of member countries.	1818-H Street NW Washington, DC 20433 U.S.A. (202) 458-1122	Bretton Woods and Related Agreements Act, 1945	Deloitte Touche Tohmatsu (Int'l Firm)	2.87%
International Development Association
To promote economic development, increase productivity and thus raise standards of living in the less developed areas of the world.	1818-H Street NW Washington, DC 20433 U.S.A. (202) 458-1122	Articles of Agreement, 1960, International Development Association Act, 1960	Deloitte Touche Tohmatsu (Int'l Firm)	2.99%
International Finance Corporation
To further economic development by encouraging the growth of productive enterprises in member countries, supplementing the activities of the International Bank for Reconstruction and Development.	2121 Pennsylvania Ave. Washington, DC 20433 U.S.A. (202) 477-1234	Articles of Agreement; Vote 731, Appropriation Act No. 6, 1956	Deloitte Touche Tohmatsu (Int'l Firm)	3.45%
International Monetary Fund
To promote economic welfare by encouraging the expansion of trade, the maintenance of orderly exchange arrangements, and the reduction of balance of payments.	700-19^th St. NW Washington, DC 20431 U.S.A. (202) 623-7000	Agreement signed by member countries, 1945	Price Waterhouse Coopers	3.03%
Multilateral Investment Guarantee Agency
To encourage the flow of investments for productive purposes among member countries, thus supplementing the activities of the International Bank for Reconstruction and Development, the International Finance Corporation and other international development finance institutions.	1818-H Street NW Washington, DC 20433 U.S.A. (202) 473-6167	Bretton Woods and Related Agreements Act, 1988	Deloitte Touche Tohmatsu (Int'l Firm)	2.52%
*Minister of Foreign Affairs*
African Development Bank
To contribute to the economic development and social advancement of the member countries, individually and collectively. To contribute to the achievement of Canada's development assistance, foreign policy and trade objectives in Africa.	01, PO Box 1387 Abidjan 01 Ivory Coast Africa 011-225-20-44-44	Agreement signed by member countries, 1963 and the International Development (Financial Institutions) Continuing Assistance Act	Deloitte & Touche; and Akintola Williams and Hussan Inc.	3.007%
Asian Development Bank
To promote the economic and social advancement of developing country members. To contribute to the achievement of Canada's development assistance, foreign policy and trade objectives in Asia.	PO Box 789 1099 Manila Philippines 011-632-6005	Agreement signed by member countries, 1965 and the International Development (Financial Institutions) Continuing Assistance Act	Price Waterhouse Coopers	5.27%
Caribbean Development Bank
To contribute to the harmonious economic growth and development of the member countries, and integration among them, having special and urgent regard to the needs of the less developed members of the region. To contribute to the achievement of Canada's development assistance, foreign policy and trade objectives.	PO Box 408 Wilday, St. Michael Bridgetown Barbados 1-8-246-429-3550	Agreement signed by member countries, 1969 and the International Development (Financial Institutions) Continuing Assistance Act	Price Waterhouse	9.50%
Inter-American Development Bank
To contribute to the acceleration of the process of economic/social development of the regional developing member countries, individually or collectively. To contribute to the achievement of Canada's development assistance, foreign policy and trade objectives.	1300 New York Ave. NW Washington, DC 20577 U.S.A. (202) 623-1000	Agreement signed by member countries, 1959 and the International Development (Financial Institutions) Continuing Assistance Act	Price Waterhouse	4.00%
International Boundary Commission
To maintain the demarcation and cartographic representation of the land and water boundary between Canada and the United States, and to regulate all construction within three metres of the boundary line.	Room 571 615 Booth St. Ottawa ON K1A 0E9 (613) 995-4341	Treaty of Washington, 1908; International Boundary Commission Act, 1960	n/app	1/2
*Minister of Veterans Affairs*
Commonwealth War Graves Commission
To mark and maintain graves and memorials and keep records of the members of the Forces of the Commonwealth who died in the two World Wars.	2 Marlow Rd. Maidenhead Berkshire, U.K. SL6 7DX (0628) 34221	Royal Charter, 1917	Coopers Lybrand & Deloitte	1/10

¹ For share-capital corporations, a percentage value represents the degree of federal ownership. For entities without share capital, a fraction shows the number of federally appointed members of the entity's board or governing body over the total number of board members.

* n/app - not applicable

Footnote

¹This chapter does not include departmental corporations such as the Canadian Food Inspection Agency. Although they are similar to Crown corporations in that they are wholly owned by the federal government, departmental corporations are specifically excluded from the Financial Administration Act (FAA) definition of a "Crown corporation". Instead, departmental corporations are defined as departments under the FAA and, as such, are subject to a different accountability regime.