Competition Chronicle

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Tag Archives: investment canada act

Investment Canada Act threshold: exemption increases to $1.5B for EU companies acquiring Canadian businesses

Posted in Foreign Investment
Investment Canada Act threshold exemption for European Union companies directly acquiring Canadian businesses increases to $1.5 billion effective September 21, 2017 Effective September 21, 2017, most of the provisions contained in the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act (Act), including those provisions amending the Investment Canada Act, will come into force. Currently,… Continue Reading

Investment Canada Act Pre-Merger Review Threshold Increases to $ 1 Billion

Posted in Foreign Investment
Canada’s planned increase to the generally applicable threshold for “net benefit” reviews under the Investment Canada Act (ICA) from $800 million to $1 billion became effective June 22, 2017. The new $ 1 billion threshold, which is calculated using the enterprise value of the Canadian business being acquired, should have the effect of exempting most… Continue Reading

Investment Canada Act: National Security Review Powers Rarely Invoked

Posted in Foreign Investment
Canadian government responses to two requests made by Fasken Martineau under the Access to Information Act (AIA) and the recent publication by Innovation, Science and Economic Development Canada (ISED) of its Annual Report Investment Canada Act 2015-16 evidence that Canada’s power to conduct national security reviews under the Investment Canada Act (ICA) in respect of… Continue Reading

Investment Canada: National Security Guidelines To Be Published

Posted in Competition Compliance Programs
On November 1, 2016, the Honourable William Morneau, Canada’s Minister of Finance, tabled his government’s Fall Economic Statement.  Included in the Statement was a commitment by the Liberal Government to ensure that Canada makes the most of every opportunity to attract global investment. Since his election in 2015, Prime Minister Justin Trudeau has indicated both… Continue Reading