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Investment Canada Act Thresholds | ||||||||||||||||||||||||||
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ThresholdsThresholds for ReviewPursuant to subsections 14(3) and 14(4) of the Act, the thresholds for transactions which are subject to review are 5 million dollars for direct investments and 50 million dollars for indirect transactions. However, investors from WTO member countries benefit from higher thresholds: Thresholds for review for WTO member investors or vendors (other than Canadians) Pursuant to the Investment Canada Act ("the Act"), new thresholds for review for WTO member investors, or where a Canadian business is ultimately controlled by a WTO member (other than a Canadian) prior to its acquisition, must be determined and become effective on January 1 of every year. The amount is equivalent to the growth in Nominal Gross Domestic Product at market prices as published by Statistics Canada for specified periods, multiplied by the amount determined for the previous year.
Indirect acquisitions by WTO member investors are not reviewable, but are nonetheless subject to notification. The exception for the four policy sectors which are governed by the $5 million and $50 thresholds remains unchanged for all investors. Those sectors are uranium, financial services, transportation services and cultural businesses. |
Created: 2005-06-10 Updated: 2006-02-01 |
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