In addition to inheriting the Montreal & Bytown's land grant rights, the Carillon & Grenville fell heir to the M&B's interests in the Lake Huron, Ottawa and Quebec Junction Railway. In 1861 the act establishing the Canada Central Railway re-allocated the Lake Huron, Ottawa and Quebec Junction's land grants to the Carillon & Grenville as well as to the Canada Central, the Brockville & Ottawa, the North Shore Railway and the St. Maurice Navigation and Land Company.In 1914 the act of parliament confirming the sale of the Carillon & Grenville to the Canadian Northern reserved the C&G's unused franchises and claims to land grants. A further act in 1914 extinguished the C&G's claims to land grants.

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