Following a base rationalization program in the mid-1990s, the Canadian Forces closed CFB Shearwater as a separate formation and realigned the property's various facilities into CFB Halifax. These include:
Shearwater Heliport, which is operated by the Royal Canadian Air Force. The primary RCAF lodger unit is 12 Wing, commonly referred to as 12 Wing Shearwater. 12 Wing provides maritime helicopter operations in support of the Royal Canadian Navy's Atlantic Fleet (MARLANT) from the Shearwater Heliport and Pacific Fleet (MARPAC) from the Patricia Bay Heliport in British Columbia. 12 Wing is also headquartered at Shearwater Heliport.
Shearwater Jetty, the former CFB Shearwater Annex, which provides dock facilities in support of Fleet Diving Unit Atlantic and MARLANT warships.