NAICS Canada 551113—Holding companies

Where 551113 sits

1. 55 Management of companies and enterprises
2. 551 Management of companies and enterprises
3. 5511 Management of companies and enterprises
4. 55111 Management of companies and enterprises
5. 551113 Holding companies

Description

This Canadian industry comprises legal entities engaged only in holding the securities of subsidiaries and affiliates for the purpose of owning a controlling interest or influencing the management decisions of these businesses. The holding companies in this industry do not provide other services to the businesses in which the equity is held or to non-affiliates. They are passive holders of the assets and, as such, employ a minimal workforce.

What 551113 excludes

• Companies established to hold the wealth of an individual or a family (see 523910 miscellaneous intermediation (us))
• Holding companies which, in addition to owning shares of other companies of the same group, provided general management and/or administrative support services to affiliated establishments (see 551114 corporate, regional and subsidiary management offices and companies)
• Legal entities holding the securities of subsidiaries and affiliates and, operating these entities or providing services to unrelated parties (classified according to the business operated)

Example activities

• bank holding companies (except managing)
• holding companies (except managing)
• holding companies, government (except managing)
• public utility holding companies (except managing)

551113 in other systems