Under the Investment Canada Act (the “ICA”), the direct acquisition of control of a Canadian business by a non-Canadian may be subject to a pre-closing review and approval process (a “Net Benefit Review”) if a specified monetary threshold is exceeded. When officially published in the February Canada Gazette, the following thresholds for Net Benefit Reviews will be effective from January 1, 2022:
Continue Reading Investment Canada Act: New Monetary Thresholds for 2022
