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Toronto, June 14, 2026 – Today, the Canada Development Investment Corporation Act comes into force, establishing CDEV under its own enabling legislation.

This important milestone will preserve CDEV’s existing mandate, operations, and governance structure while aligning CDEV with peer Crown corporations and enhancing transparency, clarity, and efficiency.

The Act comes at a time of transformational change for CDEV. Since incorporation in 1982, CDEV has evolved into a modern, self-sustaining, critical Crown corporation overseeing $75 billion in strategic Canadian assets and initiatives through the CDEV Group of Companies, with growth in assets of over 300% and a doubling in the number of portfolio companies over the last four years.

Building upon our 44-year history, what remains constant is our impact delivering commercial expertise, strategic execution, and active stewardship in support of Canada’s long-term economic interests as a trusted advisor.

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• CDEV provides the Government of Canada with specialized financial advisory around the country’s most complex and diverse commercial interests. For over 40 years, CDEV, a federal Crown corporation reporting to the Minister of Finance, has been the entity of choice for critical financial transactions needed to help Canada achieve its goals and maximize the value of government corporate assets. 

To learn more about CDEV, visit: https://cdev.gc.ca/