29:
316:
308:
209:, and the Governor of the Bank was also Chief Executive Officer of the IDB. During its first years, the bank's main role was to help small "industrial enterprises" convert from military production to peacetime operations after World War II. IDB was one of the first and largest development banks in the world.
278:
BDC is financially self-sustaining. Since 1998, it has been profitable and paid a total of more than $ 746 million in dividends to its sole shareholder, the
Government of Canada. On June 8, 2022, BDC’s Board of Director authorized the repurchase of $ 5.0 billion of its common shares. Every ten years,
326:
BDC offers loans and advisory services with a focus on small and medium-sized companies. It reports to
Parliament through the Minister of Innovation, Science and Economic Development. BDC Capital, a subsidiary of BDC, offers specialized financing, including venture capital, equity as well as growth
395:
BDC Capital won multiple Deal of the Year Awards from the
Canadian Venture Capital and Private Equity Association in the venture capital category. It won in 2011, for its investment in Radian6 Technologies Inc.; in 2012, for its investment in Q1 Labs Inc.; and again in 2014, for its investment in
621:
So you don't give money? Shouldn't a crown corporation be helping
Canadians? - BDC has been supporting Canadian businesses since 1944. Our innovative financing and advisory services are specifically designed to respond to the needs of today's Canadian businesses while allowing the bank to be
290:
as
President and Chief Executive Officer as of August of the same year, at the end of the term of current CEO Michael Denham. In 2023, current and former staff raised concerns about spending at the bank, including expenditure on consulting services from
936:
271:, focusing on the needs of small and medium-sized enterprises (SMEs), to fill gaps in the market and maximize financing alternatives for businesses by offering services that were complementary to those available from other
675:
216:
was first amended in 1952 to allow the bank to offer financing to companies in the commercial airlines industry. By the mid-1950s, one in ten planes in Canada was financed by IDB. Later, the
247:, including operations in relatively rural areas. In the mid-1970s, the bank added consulting and training to its financial offerings to help entrepreneurs better manage their businesses.
1407:
1553:
1048:
1712:
574:
1538:
330:
BDC's
Venture Capital arm makes strategic investments in Canadian companies through its Energy/Cleantech Fund, Healthcare Fund and IT Fund. Notable investments include
671:
755:
544:
1677:
1643:
181:
Founded in 1944, its corporate headquarters is located in
Montreal and it has more than 123 business centres working with 60,000 clients. BDC's
708:
1020:
1682:
948:
1727:
1140:
815:
1131:
283:
must conduct a review of the provisions and operations of the BDC Act. The last legislative review was completed in
December 2014.
1056:
1601:
263:
1697:
581:
1077:
1717:
690:
1687:
1638:
372:
is a yearly celebration of entrepreneurs and their contribution to
Canadian society. It became a nationwide event in 1981.
1722:
781:
887:
1692:
1176:
410:
175:
836:
1246:
1528:
1313:
1516:
552:
1702:
415:
224:
170:, mandated to help create and develop Canadian businesses through financing, growth and transition capital,
1278:
1124:
405:
159:
39:
862:
637:
519:
434:
633:
223:
By 1964, 20 years after its foundation, IDB had 22 branches across Canada, covering main cities such as
531:
365:
financial institutions. It also provides advice to businesses through its advisory services division.
1485:
1379:
1328:
1288:
163:
1031:
1672:
1470:
1163:
716:
1707:
1412:
1374:
1351:
1303:
1293:
1273:
1117:
1021:"Summerhill, Brightspark and BDC Winners of CVCA's 2011 Venture Capital 'Deal of the Year' Award"
650:
1495:
959:
807:
464:
272:
1548:
1475:
1465:
1439:
1369:
1298:
1251:
1210:
984:
292:
255:
1049:"BDC Venture Capital secures the CVCA's Deal of the Year Award for the second year in a row"
495:
205:
as the
Industrial Development Bank (IDB) in September 1944. IDB was initially an arm of the
1480:
1188:
381:
280:
167:
28:
756:"CoolIT Receives Growth Investment to Further Fund Innovation and International Expansion"
8:
1490:
1460:
1402:
1283:
369:
347:
220:
was amended twice more to allow the bank to lend to companies in almost all industries.
1606:
1543:
1417:
267:
was passed, leading to a new name and mission for the bank. It mandated BDC to promote
1533:
1181:
320:
202:
78:
1241:
1109:
1523:
1434:
1256:
1236:
1192:
1171:
691:"Crown corporation faces staff backlash over McKinsey contract, spending decisions"
268:
250:
In 1975, its name was changed to Federal Business Development Bank (FBDB), and its
49:
575:"History of the Business Development Bank of Canada - The FBDB period (1975-1995)"
1511:
1263:
1214:
251:
171:
151:
354:
1422:
1268:
1203:
782:"CoolIT secures growth investment from BDC and nVent - Private Capital Journal"
362:
343:
287:
206:
190:
95:
985:"Consolidated federal laws of Canada, Business Development Bank of Canada Act"
1666:
1622:
1308:
605:
186:
1427:
1231:
1078:"BDC and GrowthWorks Win CVCA's "Deal of The Year" For Layer7 Technologies"
1007:
912:
358:
339:
1198:
52:
1323:
672:"Nomination d'une première femme à la tête de la BDC: Isabelle Hudon"
331:
296:
244:
236:
228:
63:
392:
BDC was named among Canada's Top 100 employers from 2007 to 2018.
315:
1444:
1318:
335:
240:
232:
185:
obligations, secured by the Government of Canada, are issued to
307:
254:
operations were started. At the time, the bank was known as "a
67:
730:
110:
888:"Industrial, Clean and Energy Technology (ICE) Venture Fund"
709:"Organization Profile - Business Development Bank of Canada"
346:, CoolIT Systems, Protiva Biotherapeutics, Sanctuary AI and
808:"Protiva Biotherapeutics completes private financing round"
182:
1028:
Canada's Venture Capital & Private Equity Association
837:"Sanctuary AI gets new funding to make robots more human"
1104:
134:
1139:
286:
In April 2021, the Bank announced the appointment of
513:
496:"History of the Business Development Bank of Canada"
427:
1713:
Innovation, Science and Economic Development Canada
1644:Financial Services Regulatory Authority of Ontario
361:that fill out or complete services available from
1664:
1579:
829:
1125:
983:Branch, Legislative Services (2020-03-25).
1678:Federal departments and agencies of Canada
1132:
1118:
27:
545:"1965 - 1974 A decade of diversification"
490:
488:
486:
484:
465:"Business Development Bank of Canada Act"
380:BDC is exempt from taxes imposed by the
353:BDC is a complementary lender, offering
314:
306:
1602:Canada Mortgage and Housing Corporation
264:Business Development Bank of Canada Act
258:"—supporting businesses in difficulty.
174:and advisory services, with a focus on
1665:
982:
688:
481:
1578:
1349:
1151:
1113:
937:Canadian Intellectual Property Office
459:
457:
1639:Canada Deposit Insurance Corporation
1152:
1055:. September 20, 2012. Archived from
1030:. September 21, 2011. Archived from
532:Treasury Board of Canada Secretariat
1683:Canadian federal Crown corporations
1597:Business Development Bank of Canada
949:"Fact Sheet - Small Business Week®"
144:Business Development Bank of Canada
21:Business Development Bank of Canada
13:
1177:Canadian Imperial Bank of Commerce
454:
411:List of national development banks
176:small and medium-sized enterprises
14:
1739:
1616:Provincial financial institutions
1350:
1319:Vancity Community Investment Bank
1141:Banks and credit unions in Canada
1098:
572:
327:and business transition capital.
156:Banque de développement du Canada
1728:Government-owned banks of Canada
713:Governor in Council Appointments
678:from the original on 2021-04-30.
375:
295:and air transport for a private
1070:
1041:
1013:
1001:
976:
941:
930:
905:
880:
855:
818:from the original on 2023-09-04
800:
774:
748:
723:
701:
682:
664:
643:
218:Industrial Development Bank Act
214:Industrial Development Bank Act
201:The bank was established by an
1590:Federal financial institutions
689:Leblac, Daniel (23 Jan 2023).
627:
598:
566:
537:
525:
387:
1:
1698:1944 establishments in Quebec
421:
416:Canada Innovation Corporation
1718:B Lab-certified corporations
1580:Other financial institutions
1279:First Nations Bank of Canada
580:. p. 32. Archived from
406:BDC Young Entrepreneur Award
319:BDC Building, Stelco Tower,
7:
1688:Companies based in Montreal
638:BDC 2019 Annual Report 2019
399:
311:BDC Head Office in Montreal
302:
10:
1744:
1723:National development banks
1008:Canada's Top 100 Employers
368:Launched by FBDB in 1979,
196:
1693:Banks established in 1944
1631:
1615:
1589:
1585:
1574:
1504:
1453:
1395:
1388:
1380:UNI Financial Cooperation
1362:
1358:
1345:
1329:Wealth One Bank of Canada
1289:Laurentian Bank of Canada
1224:
1162:
1158:
1147:
164:national development bank
130:
120:
108:
86:
74:
58:
45:
35:
26:
1389:Provincial credit unions
622:financially sustainable.
82:Montreal, Quebec, Canada
1314:President's Choice Bank
1304:National Bank of Canada
1294:Manulife Bank of Canada
1274:Exchange Bank of Canada
989:laws-lois.justice.gc.ca
520:BDC Annual Report, 2017
1309:Peoples Bank of Canada
1242:Bank of China (Canada)
1010:. Retrieved 2012-05-04
634:BDC 2015 Annual Report
396:Layer 7 Technologies.
323:
312:
293:McKinsey & Company
273:financial institutions
155:
1370:Coast Capital Savings
1363:Federal credit unions
1252:Canadian Western Bank
1211:Toronto-Dominion Bank
318:
310:
256:lender of last resort
116:$ 30.6 billion (2019)
101:Mike Pedersen (Chair)
1703:Benefit corporations
1189:Royal Bank of Canada
534:Retrieved 2012-05-04
522:Retrieved 2018-01-23
469:Justice Laws Website
435:"2019 Annual Report"
281:Minister of Industry
168:Government of Canada
166:wholly owned by the
1403:BlueShore Financial
1237:AMEX Bank of Canada
370:Small Business Week
348:Klipfolio Dashboard
122:Number of employees
98:(President and CEO)
50:Development banking
23:
1607:Farm Credit Canada
1529:Desjardins Ontario
1418:Envision Financial
1247:Canadian Tire Bank
651:"Laws and reports"
324:
313:
19:
1660:
1659:
1656:
1655:
1652:
1651:
1632:Deposit insurance
1570:
1569:
1566:
1565:
1562:
1561:
1435:Gulf & Fraser
1408:Coastal Community
1341:
1340:
1337:
1336:
1284:ICICI Bank Canada
1182:Simplii Financial
863:"IT Venture Fund"
843:. The Tech Factor
321:Hamilton, Ontario
203:Act of Parliament
160:Crown corporation
140:
139:
79:Place Ville Marie
40:Crown corporation
1735:
1587:
1586:
1576:
1575:
1524:Desjardins Group
1396:British Columbia
1393:
1392:
1360:
1359:
1347:
1346:
1257:Motive Financial
1193:HSBC Bank Canada
1172:Bank of Montreal
1160:
1159:
1153:For-profit banks
1149:
1148:
1134:
1127:
1120:
1111:
1110:
1105:Official website
1093:
1092:
1090:
1089:
1074:
1068:
1067:
1065:
1064:
1045:
1039:
1038:
1036:
1025:
1017:
1011:
1005:
999:
998:
996:
995:
980:
974:
973:
971:
970:
964:
958:. Archived from
953:
945:
939:
934:
928:
927:
925:
923:
909:
903:
902:
900:
898:
884:
878:
877:
875:
873:
859:
853:
852:
850:
848:
833:
827:
826:
824:
823:
804:
798:
797:
795:
793:
778:
772:
771:
769:
767:
752:
746:
745:
743:
741:
727:
721:
720:
715:. Archived from
705:
699:
698:
686:
680:
679:
668:
662:
661:
659:
657:
647:
641:
631:
625:
624:
618:
616:
602:
596:
595:
593:
592:
586:
579:
570:
564:
563:
561:
560:
551:. Archived from
541:
535:
529:
523:
517:
511:
510:
508:
506:
492:
479:
478:
476:
475:
461:
452:
451:
449:
448:
439:
431:
269:entrepreneurship
113:
31:
24:
22:
18:
1743:
1742:
1738:
1737:
1736:
1734:
1733:
1732:
1673:Banks of Canada
1663:
1662:
1661:
1648:
1627:
1611:
1581:
1558:
1512:Alterna Savings
1500:
1449:
1384:
1354:
1333:
1264:Citibank Canada
1220:
1215:TD Canada Trust
1154:
1143:
1138:
1101:
1096:
1087:
1085:
1076:
1075:
1071:
1062:
1060:
1047:
1046:
1042:
1034:
1023:
1019:
1018:
1014:
1006:
1002:
993:
991:
981:
977:
968:
966:
962:
951:
947:
946:
942:
935:
931:
921:
919:
911:
910:
906:
896:
894:
886:
885:
881:
871:
869:
861:
860:
856:
846:
844:
841:The Tech Factor
835:
834:
830:
821:
819:
806:
805:
801:
791:
789:
788:. March 4, 2021
780:
779:
775:
765:
763:
762:. March 4, 2021
754:
753:
749:
739:
737:
729:
728:
724:
707:
706:
702:
687:
683:
670:
669:
665:
655:
653:
649:
648:
644:
632:
628:
614:
612:
604:
603:
599:
590:
588:
584:
577:
573:Layne, Donald.
571:
567:
558:
556:
543:
542:
538:
530:
526:
518:
514:
504:
502:
494:
493:
482:
473:
471:
463:
462:
455:
446:
444:
437:
433:
432:
428:
424:
402:
390:
378:
305:
252:venture capital
199:
172:venture capital
123:
109:
104:
89:
81:
20:
17:
12:
11:
5:
1741:
1731:
1730:
1725:
1720:
1715:
1710:
1708:Small business
1705:
1700:
1695:
1690:
1685:
1680:
1675:
1658:
1657:
1654:
1653:
1650:
1649:
1647:
1646:
1641:
1635:
1633:
1629:
1628:
1626:
1625:
1619:
1617:
1613:
1612:
1610:
1609:
1604:
1599:
1593:
1591:
1583:
1582:
1572:
1571:
1568:
1567:
1564:
1563:
1560:
1559:
1557:
1556:
1554:Windsor Family
1551:
1546:
1541:
1536:
1531:
1526:
1521:
1520:
1519:
1508:
1506:
1505:Eastern Canada
1502:
1501:
1499:
1498:
1493:
1488:
1483:
1478:
1473:
1468:
1463:
1457:
1455:
1451:
1450:
1448:
1447:
1442:
1437:
1432:
1431:
1430:
1425:
1423:Island Savings
1420:
1410:
1405:
1399:
1397:
1390:
1386:
1385:
1383:
1382:
1377:
1372:
1366:
1364:
1356:
1355:
1343:
1342:
1339:
1338:
1335:
1334:
1332:
1331:
1326:
1321:
1316:
1311:
1306:
1301:
1296:
1291:
1286:
1281:
1276:
1271:
1269:Equitable Bank
1266:
1261:
1260:
1259:
1249:
1244:
1239:
1234:
1228:
1226:
1222:
1221:
1219:
1218:
1208:
1207:
1206:
1196:
1186:
1185:
1184:
1174:
1168:
1166:
1156:
1155:
1145:
1144:
1137:
1136:
1129:
1122:
1114:
1108:
1107:
1100:
1099:External links
1097:
1095:
1094:
1084:. May 22, 2014
1069:
1040:
1037:on 2012-08-18.
1012:
1000:
975:
940:
929:
904:
879:
854:
828:
814:. 2003-05-29.
799:
773:
747:
722:
719:on 2013-11-20.
700:
681:
663:
642:
626:
597:
565:
536:
524:
512:
480:
453:
425:
423:
420:
419:
418:
413:
408:
401:
398:
389:
386:
382:Income Tax Act
377:
374:
363:private-sector
344:D-Wave Systems
304:
301:
288:Isabelle Hudon
207:Bank of Canada
198:
195:
193:institutions.
191:private sector
138:
137:
132:
128:
127:
124:
121:
118:
117:
114:
106:
105:
103:
102:
99:
96:Isabelle Hudon
92:
90:
87:
84:
83:
76:
72:
71:
60:
56:
55:
47:
43:
42:
37:
33:
32:
16:Bank in Canada
15:
9:
6:
4:
3:
2:
1740:
1729:
1726:
1724:
1721:
1719:
1716:
1714:
1711:
1709:
1706:
1704:
1701:
1699:
1696:
1694:
1691:
1689:
1686:
1684:
1681:
1679:
1676:
1674:
1671:
1670:
1668:
1645:
1642:
1640:
1637:
1636:
1634:
1630:
1624:
1623:ATB Financial
1621:
1620:
1618:
1614:
1608:
1605:
1603:
1600:
1598:
1595:
1594:
1592:
1588:
1584:
1577:
1573:
1555:
1552:
1550:
1547:
1545:
1542:
1540:
1537:
1535:
1532:
1530:
1527:
1525:
1522:
1518:
1515:
1514:
1513:
1510:
1509:
1507:
1503:
1497:
1494:
1492:
1489:
1487:
1484:
1482:
1479:
1477:
1474:
1472:
1469:
1467:
1464:
1462:
1459:
1458:
1456:
1452:
1446:
1443:
1441:
1438:
1436:
1433:
1429:
1426:
1424:
1421:
1419:
1416:
1415:
1414:
1411:
1409:
1406:
1404:
1401:
1400:
1398:
1394:
1391:
1387:
1381:
1378:
1376:
1373:
1371:
1368:
1367:
1365:
1361:
1357:
1353:
1352:Credit unions
1348:
1344:
1330:
1327:
1325:
1322:
1320:
1317:
1315:
1312:
1310:
1307:
1305:
1302:
1300:
1297:
1295:
1292:
1290:
1287:
1285:
1282:
1280:
1277:
1275:
1272:
1270:
1267:
1265:
1262:
1258:
1255:
1254:
1253:
1250:
1248:
1245:
1243:
1240:
1238:
1235:
1233:
1230:
1229:
1227:
1223:
1216:
1212:
1209:
1205:
1202:
1201:
1200:
1197:
1194:
1190:
1187:
1183:
1180:
1179:
1178:
1175:
1173:
1170:
1169:
1167:
1165:
1161:
1157:
1150:
1146:
1142:
1135:
1130:
1128:
1123:
1121:
1116:
1115:
1112:
1106:
1103:
1102:
1083:
1079:
1073:
1059:on 2018-01-24
1058:
1054:
1050:
1044:
1033:
1029:
1022:
1016:
1009:
1004:
990:
986:
979:
965:on 2011-12-26
961:
957:
950:
944:
938:
933:
918:
914:
908:
893:
889:
883:
868:
864:
858:
842:
838:
832:
817:
813:
809:
803:
787:
783:
777:
761:
757:
751:
736:
732:
726:
718:
714:
710:
704:
696:
692:
685:
677:
673:
667:
652:
646:
639:
635:
630:
623:
611:
607:
606:"General FAQ"
601:
587:on 2018-01-24
583:
576:
569:
555:on 2011-04-01
554:
550:
546:
540:
533:
528:
521:
516:
501:
497:
491:
489:
487:
485:
470:
466:
460:
458:
443:
436:
430:
426:
417:
414:
412:
409:
407:
404:
403:
397:
393:
385:
383:
376:Tax Exemption
373:
371:
366:
364:
360:
356:
351:
349:
345:
341:
337:
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