[9] Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and creating the CPP Investment Board.

[9] Under the direction of then Minister of Finance Paul Martin, the CPP Investment Board was created by an Act of Parliament in 1997 as an independent, but accountable, body to monitor the funds held by the Canada Pension Plan.

[10] It reports quarterly to the public on its performance, has a professional board of directors to oversee the operations of the CPP reserve fund, and also to plan changes in direction.

In addition, the CPPIB has been broadening the scope of its investments to include emerging markets, although David Denison, CEO at the time, would not pinpoint a specific country or area.

[28] In May 2015, Unibail-Rodamco revealed it had signed an agreement with the Canada Pension Plan Investment Board to sell its 46.1 percent stake in German shopping mall operator MFI AG for €394 million.

[29] In May 2015, the sale of a joint 70% investment with BC Partners in U.S. cable television operator Suddenlink for over US$9 Bn to Altice was also announced.

[31] In October 2015, CPPIB announced plans to acquire Encana's Denver-Julesberg Basin Colorado oil and gas assets for $900 million (US).

[32] The deal, with Denver-based partner, private equity firm The Broe Group, having a 5% share in the new Crestone Peak Resources partnership, was completed in July 2016.

[34] In November 2015, CPPIB and CVC Capital Partners acquired American pet supplier Petco in a deal worth $4.6 billion.

[14] In July 2016, CPPIB and Calgary-based Wolf Midstream Inc. purchased a 50% stake in Devon Energy's Access Pipeline located in Alberta.

[36] In October 2019, CPPIB announced to invest alongside KKR in acquiring stake in German Axel Springer SE.

²Commencing in fiscal 2007, the rate of return reflects the performance of the CPP Fund which excludes the short-term cash required to pay current benefits.

[42] In 2009 executives of the Canada Pension Plan Investment Board took a 31.4% cut in their bonuses after questions were raised about the level of compensation at the crown corporation.

[45][46] In May 2019, Conservative MP Tom Kmiec (Calgary Shepard) criticized the CPPIB during a meeting of the Canadian House of Commons Standing Committee on Finance for its indirect investments in two Chinese firms, Hikvision and Dahua Technology, which supply surveillance technology to the Chinese government used to repress Uyghurs in China's western Xinjiang region.