The format has a TIFF-image structure. It is generated by Canon cameras. The CR2 photo is stored in an uncompressed form and allows you to edit such settings as white balance, exposure, and other settings for photos that were already taken. It is the successor format to CRW, which was used in previous generation Canon SLR cameras.
This format is used for storing bitmap images in an Adobe Photoshop project file. It is stored in uncompressed form, and it includes color spaces, layers with masks, two-color settings, layer structures and other data that allow bitmap photos to be finely edited.