Sources of Federal Government and Employee Information

Canada Development Investment Corporation

Table of Contents

General Information

  • Introduction to Info Source
  • Background
  • Responsibilities

Institutional Functions, Programs and Activities

  • Asset Reviews
  • Divestitures
  • Asset Management
  • Internal Services
  • Classes of Personal Information
  • Manuals

Additional Information

  • Reading Room


General Information

Introduction to Info Source

Info Source: Sources of Federal Government and Employee Information provides information about the functions, programs, activities and related information holdings of government institutions subject to the Access to Information Act and the Privacy ActIt provides individuals and employees of the government (current and former) with relevant information to access personal information about themselves held by government institutions subject to the Privacy Act and to exercise their rights under the Privacy Act.

The Introduction and an index of institutions subject to the Access to Information Act and the Privacy Act are available centrally.

The Access to Information Act and the Privacy Act assign overall responsibility to the President of Treasury Board (as the designated Minister) for the government-wide administration of the legislation.


Canada Development Investment Corporation (“CDEV”) is a Crown Corporation named in Part II of Schedule III of the Financial Administration Act. CDEV reports to Parliament through the Minister of Finance and is governed by its Board of Directors who provide advice to the Minister as required. CDEV is not subject to the provisions of the Income Tax Act.

The Corporation was established in 1982 under the Canada Business Corporations Act to manage investments assigned to it and to divest its holdings when appropriate.

Canada Development Investment Corporation no longer uses the acronym ‘CDIC’ and will henceforth be abbreviated as ‘CDEV’. Some historic documents and text may still refer to ‘CDIC’.


In November 2007, the Minister of Finance wrote the Chairman and indicated that the operations of CDEV “should reflect a future focused on the ongoing management of its current holdings in a commercial manner, providing assistance to the government in new directions suited to CDEV’s capabilities, while maintaining the capacity to divest CDEV’s existing holdings, and any other government interests assigned to it for divestiture, upon the direction of the Minister of Finance.”

CDEV is a holding company that presently has the following wholly-owned subsidiaries for which it has responsibility:

  • Canada Eldor Inc. (“CEI”) which has no operations, but has responsibility for servicing liabilities, chiefly arising from an agreement of purchase and sale with Cameco Inc. entered into in 1988
  • Canada Hibernia Holding Corporation (“CHHC”) which owns an 8.5% interest in the original Hibernia project and interests in other Hibernia-related developments
  • Canada TMP Finance Limited (“TMP”) which provided financing to TMC until April 2022, and the existing loans are still outstanding
  • Trans Mountain Corporation (“TMC”) which owns and manages the entities that operate the Trans Mountain Pipeline and the Trans Mountain Expansion Project
  • Canada Enterprise Emergency Funding Corporation (“CEEFC”) which has been responsible for receiving Large Employer Emergency Funding Facility applications, assessing the requests against the eligibility criteria and terms approved by the Minister of Finance, and funding transactions, in accordance with such terms
  • Canada Growth Fund Inc. (“CGF”) which will create and oversee The Canada Growth Fund as it is being established

In August 2009, the Minister of Finance requested CDEV to participate in the Government’s on-going review of corporate asset holdings. CDEV continues to undertake activities and projects to support the government’s management of commercial interests. It recently incorporated Canada Growth Fund Inc. to support the growth of Canadian companies.

In 2018, CDEV purchased the entities that own and operate the Trans Mountain Pipeline System ( that runs between Edmonton, AB, Burnaby, BC, and Washington State. The purchase and construction of the Pipeline expansion was partially financed through loans from the Canada Account managed by Export Development Canada. TMC has obtained financing from commercial banks, supported by a government guarantee. TMC is operated by a management team based in Calgary. 

In 2019, CDEV announced the completion of the divestment of Ridley Terminal Inc., a federal Crown corporation. Based on an agreement reached in July 2019, Canada sold 90 per cent of its shares in RTI to a company owned by Riverstone Holdings and AMCI Group. The remaining 10 per cent of Canada’s shares were transferred to a limited partnership owned by the Lax Kw’alaams Band and the Metlakatla First Nation. CDEV managed the sale process as agent for Canada.

In 2020, CDEV and CEEFC were mandated to assist the Government of Canada as part of Canada’s COVID-19 Economic Response Plan. As a federal Crown Corporation, established to manage investments assigned to it, CDEV has been mandated to implement the Government of Canada’s Large Employer Emergency Financing Facility (“LEEFF”) in cooperation with Innovation, Science and Economic Development Canada (“ISED”) and the Department of Finance.

In 2022, CDEV assisted the Department of Finance with the development of the Canada Growth Fund.

Institutional Functions, Programs and Activities


CDEV previously undertook responsibility for other interests assigned to it by the Department of Finance. The actions CDEV undertook included identifying suitable consulting firms given project mandates, developing statements of work and requests for proposals for projects, evaluating RFP proposals, hiring consultants, and managing the review project. CDEV remains staffed to undertake these roles again. 

For the current or any future mandate to act as agent in the sale of a corporate asset of the Government, CDEV identifies and hires required financial and other advisors to evaluate the asset, provide advice to the Government on the possibilities and requirements to undertake a sale, manage a sales process as required, and help facilitate the execution of a potential sale.


Description: Assets sold on behalf of the Crown by CDEV since inception include Canadair Limited, The de Havilland Aircraft of Canada, Limited, Teleglobe Canada, Fishery Products International Limited, Canada Development Corporation, Nordion International Inc, Varity Corporation, Telesat Canada, Cameco Corporation, Co-enerco Resources Ltd, Ginn Publishing Canada Inc, Theratronics International Limited, Canada CH Investment Corporation, General Motors Shares, and Ridley Terminals.

Document Types: Records include annual reports; agreements; corporate plans and summaries; environmental audits; correspondence; financial records; legal documents; minutes of meetings.

Record Number: CDEVDIV 300


CDEV has historically been used as a means of ensuring that the Government’s interests that are assigned to it are managed with a commercial focus. To date, CDEV has managed and sold some fifteen companies for the Government with total proceeds exceeding $8.5 billion including $6 billion from the sale of GM shares. CDEV continues to manage Canada’s interest in the Hibernia oil field, and it owns the Trans Mountain Corporation.

CDEV is managed by a staff based in Toronto, headed by the President and Chief Executive Officer, who work closely with consultants, legal counsel, the Board and management of its subsidiaries to ensure the effective functioning of the Corporation and all subsidiaries. CHHC and TMC have separate management teams based in Calgary. 

Canada Eldor Inc.

CEI continues to pay for costs relating to the decommissioning of a former mine site and for retiree benefits of certain former employees.

Canada Hibernia Holding Corporation

CHHC was incorporated in March 1993 and is a wholly owned subsidiary of CDEV. CHHC’s sole purpose is the holding and management of the Government of Canada’s interests in the Hibernia Project, which is an oil development and production project located offshore Newfoundland and Labrador. The Hibernia Project comprises the original Hibernia Development Project area, where CHHC has an 8.5% working interest, and the Hibernia Southern Extension Unit (“HSE Unit”), where CHHC has a 5.67% working interest. 

Canada TMP Finance

TMP Finance’s primary responsibility is to provide or facilitate financing to TMC. 

Trans Mountain Corporation

TMC has a mandate to operate the existing Trans Mountain Pipeline and to complete the Trans Mountain Expansion Project (“TMEP”) in a timely and commercially viable manner. 

Canada Enterprise Emergency Funding Corporation

CEEFC implemented the LEEFF program designed to provide bridge financing to Canada’s largest employers. 

Description: Asset management information related to CDEV’s interest in Canada Eldor Inc. (“CEI”), Canada Hibernia Holding Corporation (“CHHC”), Canada TMP Finance Limited (“TMP”), Trans Mountain Corporation (“TMC”), Canada Enterprise Emergency Funding Corporation (“CEEFC”) and other historical management related information.

Document Types: Records include annual reports; agreements; corporate plans and summaries; correspondence; financial records; legal documents; minutes of meetings.

Record Number: CDEVASSET 300



Internal services constitute groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups are management and oversight services, communications services, legal services, human resources management services, financial management services, information management services, information technology services, real property services, materiel services, acquisition services, and travel and other administrative services. Internal services include only those activities and resources that apply across an organization and not to those provided specifically to a program.


Acquisition services involve activities undertaken to acquire a good or service to fulfill a properly completed request (including a complete and accurate definition of requirements and certification that funds are available) until entering into or amending a contract.


Communications services involve activities undertaken to ensure that Government of Canada communications are effectively managed, well coordinated and responsive to the diverse information needs of the public. The communications management function ensures that the public—internal or external—receives government information, and that the views and concerns of the public are taken into account in the planning, management and evaluation of policies, programs, services and initiatives.


Financial management services involve activities undertaken to ensure the prudent use of public resources, including planning, budgeting, accounting, reporting, control and oversight, analysis, decision support and advice, and financial systems.


Human resources management services involve activities undertaken for determining strategic direction, allocating resources among services and processes, as well as activities relating to analyzing exposure to risk and determining appropriate countermeasures. They ensure that the service operations and programs of the federal government comply with applicable laws, regulations, policies and plans.


Information management services involve activities undertaken to achieve efficient and effective information management to support program and service delivery; foster informed decision making; facilitate accountability, transparency and collaboration; and preserve and ensure access to information and records for the benefit of present and future generations.


Legal services involve activities undertaken to enable government departments and agencies to pursue policy, program and service delivery priorities and objectives within a legally sound framework.


Management and oversight services involve activities undertaken for determining strategic direction and allocating resources among services and processes, as well as those activities related to analyzing exposure to risk and determining appropriate countermeasures. They ensure that the service operations and programs of the federal government comply with applicable laws, regulations, policies or plans.


Real property services involve activities undertaken to ensure that real property is managed in a sustainable and financially responsible manner, throughout its life cycle, to support the cost-effective and efficient delivery of government programs.


Travel and other administrative services include Government of Canada travel services, as well as those other internal services that do not smoothly fit with any of the internal services categories.


Description: Documents relating to the day-to-day corporate functioning of CDEV.

Document Types: Records include annual reports, financial documents, legal service records, human resources records, travel records, information technology records.

Record Number: CDEVINT 300


Classes of Personal Information

In the course of conducting the activities of the Corporation, personal information may be accumulated which is not contained in the specific information banks described in this entry. This information exists in a fragmented form throughout the subject files of the Corporation. This information is stored as part of the general subject files. This form of information is retrievable only if specifics are provided concerning the subject matter, the related activity, as well as the date at which the information was received by the Corporation and to whom it was addressed.

The personal information contained in the subject files is retained for the same period of time as the related subject information and disposed of according to the appropriate record schedules.


  • Canada Development Investment Corporation – Access to Information Act Administrative Policy and Procedures

Additional Information

Please see the Introduction to this publication for information on access procedures under the provisions of the Access to Information Act and the Privacy Act.

Please note: Each request made to the Canada Development Investment Corporation under the Access to Information Act, must be accompanied by an application fee of $5.00, cheque or money order made payable to the Canada Development Investment Corporation.

For additional information about the programs and activities of the Canada Development Investment Corporation, please contact:

Access to Information and Privacy Coordinator
161 Bay Street Suite 4540
Toronto, Ontario M5J 2S1

Direct Line:  416-966-3022
Facsimile: 416-966-5485


Reading Room

In accordance with the Access to Information Act and the Privacy Act, an area on the premises of this institution has been designated as a public reading room. The address is:

Canada Development Investment Corporation
161 Bay Street Suite 4540
Toronto, Ontario M5J 2S1