About the ICO

Introduction

This Inter-Corporate Ownership (ICO) publication is a reliable index of who owns and/or controls whom in Canada. It is intended to serve as an essential reference tool for corporate executives, bankers, financiers, marketing managers, investors, researchers and the general public, all of whom desire the latest detailed information on the corporate structure of Canadian society.

The ownership (voting equity) information contained in this directory is primarily based upon non-confidential returns filed by Canadian corporations under the Corporations Returns Act. It has been supplemented from a broad range of national and international data sources for major changes in corporate ownership which occurred prior to the end of each calendar quarter. The cut-off date for including major changes in each quarterly release are as follows: March 31st for first quarter, June 30th for second quarter, September 30th for third quarter and December 31st for fourth quarter. In addition, using such international publications as Moody’s and Who Owns Whom, information on ultimate foreign parent corporations has been obtained. In many cases, this research has resulted in expanded enterprise structures, spanning several countries and providing insights into the organization of multi-national enterprises operating in Canada.

Wherever possible, our researchers have analyzed any options, insider holdings, convertible shares or interlocking directorates which could affect the control of a corporation. In a number of cases, reported nominees have been replaced by true owners and information on certain family controlled corporations has been included.

The Corporate Ownership Section of the product shows the portion of voting rights of a corporation owned or held by another corporate body or group of related individuals. All holdings of an enterprise are shown in one location, and they are presented in an easy-to-read tiered fashion with each successive layer of held corporations being indented.

A country of control has been assigned to most corporations. Also, each active Canadian corporation is given a 3 or 4-digit North American Industrial Classification System (NAICS) code, and the province of its head office is noted. There are a few NAICS groupings with only 2 digits. This presents a picture of enterprise activity in terms of horizontal and vertical integration, conglomeration and multinational participation.

Special Note

It is possible that information supplied to the Corporations Returns Act processing team under the Act, or obtained from research sources, could be in error. Any inaccuracies brought to the attention of the authors will be corrected in a subsequent edition.

Statistical Notes and Definitions

List of Abbreviations

CTL

Indicates the country of control.

NAICS

Indicates the North American Industrial Classification System code.

PCT

Indicates the percentage of voting rights owned, usually in the current corporation by some preceding corporation (see Level); except, however, for "INV" corporations (see below), which hold the indicated portion of the enterprise parent.

PRV

Indicates the province or territory, and in some cases the state of residence of the corporation.

RES

Indicates the country of residence.

Comment

A comment is a note indicating a distinct characteristic or ownership situation for a corporation. When applicable, this information will be found in the detail pane at the bottom of the page, and will also be noticeable by a blue lettered icon on the right hand side the corporation in the structure. Here a list of the various comments and their meaning:

A

Indicates that control has been assigned for reasons other than ownership of voting rights.

D

Indicates the corporation is not controlled by this enterprise.

R

Indicates that the corporation has already been listed within this enterprise, but it has more than one holding company. The companies that are in turn held are not shown again.

AD

Indicates that control has been assigned to a different enterprise.

AR

Indicates that control has been assigned to this enterprise, and it is a repeated listing.

SOE

Indicates the corporation is a Foreign State-Owned-Enterprise.

SIE

Indicates the corporation is a Foreign State-Influenced-Enterprise.

A-SOE

Indicates that control has been assigned for reasons other than ownership of voting rights and that this corporation is a Foreign State-Owned-Enterprise.

D-SIE

Indicates that the corporation is not controlled by this enterprise but that it is a Foreign State-Influenced-Enterprise.

R-SOE

Indicates that the Foreign State-Owned-Enterprise has already been listed within this enterprise, but it has more than one holding company. The companies that are in turn held are not shown again.

Other information

About multiple entries

Multiple entries for the same corporation, in the corporation list search results, represents the presence of more than one ownership link for this corporation. As such, a corporation with two or more owners will be displayed two or more times accordingly. Please note that if the first entry in the list is selected, the application will bring the user to the first instance the corporation is found in the database. If the second entry is selected, then it will bring the user to the second instance the corporation is found, and so on.

Level

A circled number can be found to the left of each and every corporation within an enterprise group or structure. These numbers indicate the hierarchical level of a corporation within the group. Enterprise parents are shown as level "1", their direct subsidiaries as level "2", and indirectly held corporations are attributed higher level numbers. As such, a level "3" corporation is held directly by the first level "2" listed above it.

Investors

Coverage and Research

The Inter-Corporate Ownership is the most authoritative and comprehensive source of information available on corporate ownership; a unique directory of "who owns what" in Canada. It provides up-to-date information reflecting recent corporate takeovers and other substantial changes. Ultimate corporate control is determined through a careful study of holdings by corporations, the effects of options, insider holdings, convertible shares and interlocking directorships. The number of corporations that make up the hierarchy of structures totals approximately 50,000.

The information that is presented is based on non-confidential returns filed by Canadian corporations under the Corporations Returns Act and on research using public sources such as Internet sites. The data are presented in an easy-to-read tiered format, illustrating at a glance the hierarchy of subsidiaries within each corporate structure. The entries for each corporation provide both the country of control and the country of residence.

The product covers every individual corporation that is part of a group of commonly controlled corporations with combined assets exceeding 600 million dollars or combined revenue exceeding 200 million dollars. Individual corporations with debt obligations owning to or equity held by non-residents exceeding a net book value of 1 million dollars are covered as well.

Corporate Control

Corporate control is the potential to affect the corporate strategic decision-making process of the board of directors of a corporation.

Majority control is exercised by a person, group or corporation if more than 50% of the voting equity of a corporation is held, directly or indirectly, other than by way of security only, by or for the benefit of that person, group or corporation.

The following examples describe the concept of control of a corporation based on the majority ownership of the voting rights.

Example 1: direct and indirect majority control.

Corporation A owns 60% of corporation B’s voting rights, and so A controls B. Similarly, corporation B owns 60% of corporation C’s voting rights, hence A also controls C. The control of B by A is direct control. The control of C by A is indirect control.

Example 2: direct, indirect and cumulative indirect majority control.

Corporation A owns 51% of corporation B and 51% of corporation C. Corporation B owns 51% of corporation D, while corporation C owns 51% of corporation E. Corporations D and E each own 40% of corporation F. From the logic of the previous example, A controls B and C directly and controls D and E indirectly. As the sum of the voting rights of F by D and E is 80%, A controls F. This is cumulative indirect control.

Effective control of a corporation implies control of the corporation through methods other than ownership of the majority voting equity of the corporation. Effective control is referred to as assigned control in the Inter-Corporate Ownership database. Such control is denoted in the text by the letter ‘A’ appearing in the comments column. An assessment of effective control may be based on any of the following rules:

If more than 50% of directors of a corporation are also directors of a trust or an estate, or are also members of a related group, then the corporation is effectively controlled by that trust, estate or related group.

If more than 50% of the directors of a corporation are also directors of another corporation, and if there is a significant voting ownership relationship between these corporations, then the corporation is effectively controlled by that other corporation.

If control is acknowledged by a corporation, then the acknowledgement is sufficient to assign effective control.

Please note that there are numerous methods of control which are outside the scope of this product. Franchise, marketing arrangements, and sales contracts may be used to exercise effective control.

Finally, care should be taken in using the word “controlled”. In many cases where control is said to exist, corporations may still function with considerable autonomy in their financial, marketing, or operational activities. The concept of corporate control should be viewed as a potential that exists and is exercised within the framework of a corporate industrial society with highly varied management practices.

Enterprise

An enterprise is a group of corporations under common control. The controlling interest, referred to as the enterprise head, may be an individual, a related group, a corporation or a government. Controlled corporations are called subsidiaries. A multi-corporation enterprise contains one or more subsidiaries. A corporation that is not controlled by another corporation and that does not control another corporation is called a single-corporation enterprise.

The following example illustrates this concept.

Example 3: enterprise group, common control, and single-corporations

Corporation A owns 60% of corporation B, while corporation B owns 20% of corporation C.  A and B form a multi-corporation enterprise with enterprise head being corporation A. C is not controlled by A, and is therefore a single-corporation enterprise.

For each enterprise, all ownership emanating from that enterprise is shown including investments in other enterprises. Referring back to the preceding example, the enterprise head would be shown as level “1”, the 60% link to corporation B would be shown as level “2”, and the 20% link to C would be shown as level “3” with a comment of “D”^{Note 1} (unless control of C by A had been assigned for reasons other than voting rights, in which case the comment would be “A”).

Country of Control

Each corporation included in the database is assigned a country of control. This is the basis for the analysis of the extent and impact of foreign control within the Canadian economy, as contained in the annual report to Parliament, Corporations Returns Act, Catalogue no. 61-220-X.

Country of control is initially the country of residence of the enterprise head. The country of control will be different than the country of residence of the enterprise head where:

1. A majority of voting shares are held by an individual or related group of individuals, residing in a different country.
2. An individual or related group of individuals, residing in a different country, exercises effective control over the enterprise head.
3. A Canadian enterprise head is owned by two foreign owners, each holding 50% of the voting rights:
   1. Where the two owners reside in the same country, the country of control is the country in which the two owners reside.
   2. Where the two owners reside in different countries, the country of control is assigned based on a precedence list which ranks countries by the amount of aggregate assets under their control.

In most cases of foreign control, the country of control classification is based on tracing ownership links to the first parent corporation which is a resident of a foreign country. However, it is at times possible to determine that the first foreign parent itself is in fact controlled by another foreign corporation which may reside in a different foreign country. In such instances, control is assigned to the country of control of the ultimate parent.

The following examples illustrate the assignment of a country of control for a corporation.

Example 4: foreign controlled enterprise group with non-controlled corporation

Corporation A (USA) owns 60% of corporation B (CAN) and 70% of corporation C (CAN). Corporation B (CAN) owns 80% of corporation D (CAN), while corporation C owns 30% of corporation E (CAN). Corporation E (CAN) is also owned at 21% by a resident of the United States (USA). Corporations A, B, C and D form an enterprise group, hence corporations B, C and D are assigned United States control code. Corporation E is assigned a Canadian control code.

Example 5: 50% foreign ownership

Corporation A (JPN) owns 50% of corporation B (CAN). Corporation C (CAN) owns 50% of corporation B (CAN). In this example, corporation B (CAN) is assigned a control code of Canada. When a Canadian corporation is own 50/50 by a foreign corporation and another Canadian corporation, this is deemed to a non-controlled corporation, hence the Canada control code for this example.

Example 6: 50% - 50% foreign ownership

Corporation A (USA) and corporation B (SWE) each own 50% of corporation C (CAN). In this case, corporation C (CAN) is assigned a United States control code.

Example 7: multiple individual minority owners

Corporations B (CAN) is owned at 20% by a resident of Italy, 20% by a resident of Germany, 20% by a resident of Belgium and 40% by a resident of Canada. Corporation B has no corporation, individual or related group which owns it on a majority basis, hence, corporation B is assigned a Canadian control.

List of Mnemonics

Provinces of Head Office (RES)

AB

Alberta

BC

British Columbia

MB

Manitoba

NB

New Brunswick

NL

Newfoundland and Labrador

NS

Nova Scotia

NT

Northwest Territories

NU

Nunavut

ON

Ontario

PE

Prince Edward Island

QC

Quebec

SK

Saskatchewan

YT

Yukon

N/A

Province not available

O/A

Other

States of Head Office (RES)

AK

Alaska

AL

Alabama

AR

Arkansas

AZ

Arizona

CA

California

CO

Colorado

CT

Connecticut

DC

District of Columbia

DE

Delaware

FL

Florida

GA

Georgia

HI

Hawaii

IA

Iowa

ID

Idaho

IL

Illinois

IN

Indiana

KS

Kansas

KY

Kentucky

LA

Louisiana

MA

Massachusetts

MD

Maryland

ME

Maine

MI

Michigan

MN

Minnesota

MO

Missouri

MS

Mississippi

MT

Montana

NC

North Carolina

ND

North Dakota

NE

Nebraska

NH

New Hampshire

NJ

New Jersey

NM

New Mexico

NV

Nevada

NY

New York

OH

Ohio

OK

Oklahoma

OR

Oregon

PA

Pennsylvania

RI

Rhode Island

SC

South Carolina

SD

South Dakota

TN

Tennessee

TX

Texas

UT

Utah

VA

Virginia

VT

Vermont

WA

Washington

WI

Wisconsin

WV

West Virginia

WY

Wyoming

Countries and Areas of Interest

ABW

Aruba

AFG

Afghanistan

AGO

Angola

AIA

Anguilla

ALA

Åland Islands

ALB

Albania

AND

Andorra

ARE

United Arab Emirates

ARG

Argentina

ARM

Armenia

ASM

American Samoa

ATA

Antarctica

ATF

French Southern Territories

ATG

Antigua and Barbuda

AUS

Australia

AUT

Austria

AZE

Azerbaijan

BDI

Burundi

BEL

Belgium

BEN

Benin

BES

Bonaire, Sint Eustatius and Saba

BFA

Burkina Faso

BGD

Bangladesh

BGR

Bulgaria

BHR

Bahrain

BHS

Bahamas

BIH

Bosnia and Herzegovina

BLM

Saint Barthélemy

BLR

Belarus

BLZ

Belize

BMU

Bermuda

BOL

Bolivia

BRA

Brazil

BRB

Barbados

BRN

Brunei Darussalam

BTN

Bhutan

BVT

Bouvet Island

BWA

Botswana

CAF

Central African Republic

CAN

Canada

CCK

Cocos (Keeling) Islands

CHE

Switzerland

CHL

Chile

CHN

China

CIV

Côte d'Ivoire

CMR

Cameroon

COD

Congo, The Democratic Republic of the

COG

Congo, Republic of the

COK

Cook Islands

COL

Colombia

COM

Comoros

CPV

Cape Verde

CRI

Costa Rica

CUB

Cuba

CUW

Curaçao

CXR

Christmas Island

CYM

Cayman Islands

CYP

Cyprus

CZE

Czech Republic

DEU

Germany

DJI

Djibouti

DMA

Dominica

DNK

Denmark

DOM

Dominican Republic

DZA

Algeria

ECU

Ecuador

EGY

Egypt

ERI

Eritrea

ESH

Western Sahara

ESP

Spain

EST

Estonia

ETH

Ethiopia

FIN

Finland

FJI

Fiji

FLK

Falkland Islands (Malvinas)

FRA

France

FRO

Faroe Islands

FSM

Micronesia, Federated States of

GAB

Gabon

GBR

United Kingdom

GEO

Georgia

GGY

Guernsey

GHA

Ghana

GIB

Gibraltar

GIN

Guinea

GLP

Guadeloupe

GMB

Gambia

GNB

Guinea-Bissau

GNQ

Equatorial Guinea

GRC

Greece

GRD

Grenada

GRL

Greenland

GTM

Guatemala

GUF

French Guiana

GUM

Guam

GUY

Guyana

HKG

Hong Kong Special Administrative Region

HMD

Heard Island and McDonald Islands

HND

Honduras

HRV

Croatia

HTI

Haiti

HUN

Hungary

IDN

Indonesia

IMN

Isle of Man

IND

India

IOT

British Indian Ocean Territory

IRL

Ireland, Republic of

IRN

Iran

IRQ

Iraq

ISL

Iceland

ISR

Israel

ITA

Italy

JAM

Jamaica

JEY

Jersey

JOR

Jordan

JPN

Japan

KAZ

Kazakhstan

KEN

Kenya

KGZ

Kyrgyzstan

KHM

Cambodia

KIR

Kiribati

KNA

Saint Kitts and Nevis

KOR

Korea, South

KWT

Kuwait

LAO

Laos

LBN

Lebanon

LBR

Liberia

LBY

Libya

LCA

Saint Lucia

LIE

Liechtenstein

LKA

Sri Lanka

LSO

Lesotho

LTU

Lithuania

LUX

Luxembourg

LVA

Latvia

MAC

Macao Special Administrative Region

MAF

Saint Martin (French part)

MAR

Morocco

MCO

Monaco

MDA

Moldova

MDG

Madagascar

MDV

Maldives

MEX

Mexico

MHL

Marshall Islands

MKD

Macedonia, Republic of

MLI

Mali

MLT

Malta

MMR

Burma (Myanmar)

MNE

Montenegro

MNG

Mongolia

MNP

Northern Mariana Islands

MOZ

Mozambique

MRT

Mauritania

MSR

Montserrat

MTQ

Martinique

MUS

Mauritius

MWI

Malawi

MYS

Malaysia

MYT

Mayotte

NAM

Namibia

NCL

New Caledonia

NER

Niger

NFK

Norfolk Island

NGA

Nigeria

NIC

Nicaragua

NIU

Niue

NLD

Netherlands

NOR

Norway

NPL

Nepal

NRU

Nauru

NZL

New Zealand

OMN

Oman

PAK

Pakistan

PAN

Panama

PCN

Pitcairn

PER

Peru

PHL

Philippines

PLW

Palau

PNG

Papua New Guinea

POL

Poland

PRI

Puerto Rico

PRK

Korea, North

PRT

Portugal

PRY

Paraguay

PSE

West Bank and Gaza Strip (Palestine)

PYF

French Polynesia

QAT

Qatar

REU

Réunion

ROU

Romania

RUS

Russian Federation

RWA

Rwanda

SAU

Saudi Arabia

SDN

Sudan

SEN

Senegal

SGP

Singapore

SGS

South Georgia and the South Sandwich Islands

SHN

Saint Helena

SJM

Svalbard and Jan Mayen

SLB

Solomon Islands

SLE

Sierra Leone

SLV

El Salvador

SMR

San Marino

SOM

Somalia

SPM

Saint Pierre and Miquelon

SRB

Serbia

SSD

South Sudan

STP

Sao Tome and Principe

SUR

Suriname

SVK

Slovakia

SVN

Slovenia

SWE

Sweden

SWZ

Swaziland

SXM

Sint Maarten (Dutch part)

SYC

Seychelles

SYR

Syria

TCA

Turks and Caicos Islands

TCD

Chad

TGO

Togo

THA

Thailand

TJK

Tajikistan

TKL

Tokelau

TKM

Turkmenistan

TLS

Timor-Leste

TON

Tonga

TTO

Trinidad and Tobago

TUN

Tunisia

TUR

Turkey

TUV

Tuvalu

TWN

Taiwan

TZA

Tanzania

UGA

Uganda

UKR

Ukraine

UMI

United States Minor Outlying Islands

URY

Uruguay

USA

United States

UZB

Uzbekistan

VAT

Holy See (Vatican City State)

VCT

Saint Vincent and the Grenadines

VEN

Venezuela

VGB

Virgin Islands, British

VIR

Virgin Islands, United States

VNM

Viet Nam

VUT

Vanuatu

WLF

Wallis and Futuna

WSM

Samoa

XKO

Kosovo

XSQ

Sark

YEM

Yemen

ZAF

South Africa, Republic of

ZMB

Zambia

ZWE

Zimbabwe

Corporations Returns Act

For a copy of the Corporations Returns Act and its related Regulations, please consult the Department of Justice Canada’s Laws website.

Industrial and Geographical Classifications

Standard Geographical Classification (SGC)

The Standard Geographical Classification (SGC) is Statistics Canada's official classification for geographical areas in Canada.

Established in the early 1960s, the Standard Geographical Classification was released as a working manual for 1964, 1966 and 1972. In 1974, the manual became an official publication of Statistics Canada and it was subsequently issued for 1976, 1981, 1986, 1991, 1996 and 2001. This 2006 version is the eighth edition.

The Inter-Corporate Ownership product makes use of the province or territory alpha code geographical unit to identify the residence of the head offices. These are identified in the List of Mnemonics. Furthermore, and where available, the state alpha code is also used for American head offices.

For additional information on the Standard Geographical Classification system, please follow the link.

Standard Classification of Countries and Areas of Interest (SCCAI)

The Standard Classification of Countries and Areas of Interest (SCCAI) is Statistics Canada's official classification of countries and areas of interest for use in classifying statistical data.

The Inter-Corporate Ownership product makes use of the alpha-3 code for countries and areas of interest as set out by the International Organization for Standardization (ISO).

For additional information on the Standard Classification of Countries and Areas of Interest, please follow the link.

North American Industrial Classification System (NAICS)

The North American Industry Classification System (NAICS) is an industry classification system developed by the statistical agencies of Canada, Mexico and the United States. Created against the background of the North American Free Trade Agreement, it is designed to provide common definitions of the industrial structure of the three countries and a common statistical framework to facilitate the analysis of the three economies.

NAICS is a comprehensive system encompassing all economic activities. It has a hierarchical structure. At the highest level, it divides the economy into 20 sectors. At lower levels, it further distinguishes the different economic activities in which businesses are engaged.

The Inter-Corporate Ownership product classifies Canadian corporations and foreign corporations using a variant of the NAICS, which groups units into 71 sectors.

NAICS – ICO: 71 sectors  

11C

Agriculture, Fishing, Hunting, Trapping and Support Activities (includes 111, 112, 114, 1151, 1152)

11D

Forestry, Logging and Support Activities (includes 113, 1153)

212

Mining and Quarrying (except oil and gas)

21C

Oil and Gas Extraction and Support Activities (includes 211, 213)

22

Utilities

23

Construction

312A

Alcoholic Beverage and Tobacco Manufacturing (includes 31212, 31213, 31214, 3122)

31A

Food and Soft Drink Manufacturing (includes 311, 31211)

31C

Clothing, Textile and Leather Manufacturing (includes 313, 314, 315, 316)

321

Wood Product Manufacturing

322

Paper Manufacturing

323

Printing and Related Support Activities

324

Petroleum and Coal Products Manufacturing

3251

Basic Chemical Manufacturing

3252

Resin, Synthetic Rubber, and Artificial and Synthetic Fibres and Filaments Manufacturing

3254

Pharmaceutical and Medicine Manufacturing

325C

Soap, Agriculture, Paint and Other Chemical Products Manufacturing (includes 3253, 3255, 3256, 3259)

326

Plastics and Rubber Products Manufacturing

327

Non-Metallic Mineral Product Manufacturing

331

Primary Metal Manufacturing

334

Computer and Electronic Product Manufacturing

335

Electrical Equipment, Appliance and Component Manufacturing

3363

Motor Vehicle Parts Manufacturing

336A

Motor Vehicle and Trailer Manufacturing (includes 3361, 3362)

336D

Air, Rail and Ship Products and Other Transportation Equipment Manufacturing (includes 3364, 3365, 3366, 3369)

337

Furniture and Related Products Manufacturing

339

Miscellaneous Manufacturing

33A

Fabricated Metal Product and Machinery Manufacturing (includes 332, 333)

412

Petroleum and Petroleum Products Merchant Wholesalers

415

Motor Vehicle and Motor Vehicle Parts and Accessories Merchant Wholesalers

416

Building Material and Supplies Merchant Wholesalers

417A

Farm, Construction, Forestry, Mining and Other Industrial Machinery and Equipment and Supplies Merchant Wholesalers (includes 4171, 4172)

417B

Computer, Communications and Other Machinery and Equipment Merchant Wholesalers (includes 4173, 4179)

41A

Food, Beverage, Tobacco and Farm Product Merchant Wholesalers (includes 411, 413)

41B

Miscellaneous Merchant Wholesalers (includes 414, 418, 419)

441

Motor Vehicle and Parts Dealers

444

Building Material and Garden Equipment and Supplies Dealers

445

Food and Beverage Stores

447

Gasoline Stations

44A

Furniture, Home Furnishings, Electronics and Appliance Stores (includes 442, 443)

4B

Clothing, Department and Other General Merchandise Stores (includes 448, 451, 452)

4C

Miscellaneous Retailers (includes 446, 453, 454)

481

Air Transportation

4E

Rail, Truck, Water and Other Transportation (includes 482, 483, 484, 485, 487, 491, 492)

4G

Pipelines, Warehousing and Transportation Support Activities (includes 486, 488, 493)

511

Publishing Industries (except Internet)

517

Telecommunications

51A

Broadcasting, Motion Pictures, Sound Recording and Information Services (includes 512, 515, 518, 519)

52213

Local Credit Unions

5221A

Banking and Other Depository Credit Intermediation (includes 521, 522111, 522112, 522190)

5222

Non-Depository Credit Intermediation

522321

Central Credit Unions

5223B

Financial Transactions Processing, Loan Brokers and Other Activities Related to Credit Intermediation (except 522321)

5231

Securities and Commodity Contracts Intermediation and Brokerage

52391

Miscellaneous Intermediation

523A

Portfolio Management and Other Financial Investment Activity (includes 5232, 523920, 523930, 523990)

5241A

Life, Health and Medical Insurance Carriers (includes 524110, 524131, 524132)

5241B

Property and Casualty Insurance Carriers (includes 524120, 524133, 524134, 524135, 524139)

5242

Agencies, Brokerages and Other Insurance Related Activities

526

Funds and Other Financial Vehicles

531

Real Estate

53A

Automotive, Machinery and Equipment and Other Rental and Leasing (includes 532, 533)

54

Professional, Scientific and Technical Services

55

Management of Companies and Enterprises

56

Administrative and Support, Waste Management and Remediation Services

61-62

Educational, Health Care and Social Assistance Services

71

Arts, Entertainment and Recreation

721

Accommodation Services

722

Food Services and Drinking Places

81

Other Services (except public administration)

91

Public Administration

For additional information on the North American Industrial Classification System, please follow the link.

About Statistics Canada

For more in-depth information on the policies, products, and/or services that Statistics Canada has to offer please consult our website: About us.

About Industrial Organization and Finance Division (IOFD)

Divisional Mandate

The mandate of IOFD is to keep track of the size, performance, financial structure and ownership characteristics of the corporate sector in Canada. The division is also responsible for measuring production in the finance and insurance industries. There are two programs serving to deliver this mandate:

1. The Enterprise Financial Statistics Program (EFSP)
2. The Corporations Returns Act Program (CRA)

Enterprise Financial Statistics Program

The EFSP comprises the Quarterly Survey of Financial Statements (QSFS), the Annual Financial and Taxation Statistics (AFTS) and the Biannual Survey of Suppliers of Business Financing (BSSBF).

Quarterly Survey of Financial Statements (QSFS)

STC has identified the QSFS as a mission-critical survey. The QSFS is an enterprise-based survey of the financial and non-financial sectors conducted on a quarterly basis to obtain information on corporate income statements (including elements of revenues, expenses and profits) and balance sheets (including assets, liabilities and equity). The objectives of the quarterly financial statistics are twofold: i) to measure the financial position and performance of incorporated businesses (financial and non-financial) in Canada for relatively broad industrial aggregates and, ii) to measure the flow of funds (net borrowing and savings) between economic sectors.

Annual Financial and Taxation Statistics (AFTS)

The AFTS is also an enterprise-based program which compiles and produces information from corporate balance sheets and income statements along with several financial performance ratios. This information is available in greater industrial detail than the QSFS. The AFTS is the only source for information on corporate income taxation. The income tax information includes a reconciliation between book profit and taxable income, and identifies taxes payable to federal and provincial governments.

Biannual Survey of Suppliers of Business Financing (BSSBF)

The BSSBF produces biannual data on lending. Business clients are classified by four variables: authorization level, type of instrument used, province or territory, and industry (including a subset for knowledge-based industries). The survey measures on a biannual basis, the stock and flow of information using a panel of enterprises that is representative of the major suppliers of business financing in Canada.

Corporations Returns Act Program

IOFD has administered the CRA on behalf of the Government of Canada since its passage by Parliament in 1962. The Regulations to the act require that corporations above certain thresholds report annually to STC on their corporate organization and ownership structure.

The information supplied in the corporate reports is an important source of information about foreign control of enterprises, corporate industrial concentration, corporate mergers and acquisitions, and the legal structure of enterprises in Canada. The Act requires the Minister to report annually to Parliament on the degree of foreign control in the Canadian corporate economy. The report to Parliament marries CRA reported information with financial information from the AFTS to provide measures of foreign control in the Canadian corporate economy from the perspectives of assets, revenues and profits. As part of the regulatory regime, STC must also provide, on demand, to the general public, access to the individual corporate returns (excluding financial information). In response to this latter requirement, IOFD has developed the ICO database from which it publishes non-financial information from the CRA corporate reports.

Previously known as the Corporations and Labour Unions Returns Act (CALURA), it was renamed Corporations Returns Act in January 1999 when the requirement for labour unions to file a return was repealed.

In January 2014, the Corporations Returns Regulations were made by the Governor in Council and replaced the Corporations and Labour Unions Returns Regulations. These new regulations reflect all of the 1999 changes to the Act, removing all references to labour unions and resetting the numbering for the two remaining schedules, and also set the new thresholds for reporting. Corporations with gross revenue greater than 200 million dollars or assets in excess of 600 million dollars, or with foreign debt or equity in excess of 1 million dollars are required to file a return.

Contact Information

For questions regarding subject matter, please email us at statcan.iofd-clientservunit-dofi-servalaclientele.statcan@canada.ca  or telephone (toll free) 1-888-811-6235.

For technical questions regarding the software, please telephone 1-800-949-9491 or e-mail statcan.sos-sos.statcan@canada.ca.