In Canada, a Crown corporation is a type of organization that is structured like a private corporation, but is directly and wholly owned by the Canadian federal government or a provincial or territorial government. Crown corporations have a long-standing presence in the country, and have a significant economic impact, with commercial operations equivalent to 7% of Canadian GDP. Crown corporations are created to advance government policy objectives.
In Canada, a Crown corporation is a type of organization that is structured like a private corporation, but is directly and wholly owned by the Canadian federal government or a provincial or territorial government. Crown corporations have a long-standing presence in the country, and have a significant economic impact, with commercial operations equivalent to 7% of Canadian GDP. Crown corporations are created to advance government policy objectives.
Source: Wikipedia "Crown corporation" · CC BY-SA 4.0
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