CANADA: Changes to thresholds for Canada foreign investment review

Tuesday February 10 2015

Industry Canada has announced the 2015 indexed thresholds for foreign investment review in Canada.

Pursuant to the Investment Canada Act (“the Act”), foreign investments seeking to establish a new Canadian business and investments seeking to acquire “Control” of a Canadian business, must be either reported to or approved by Industry Canada. Specific thresholds apply depending on the origin of the investment, with higher thresholds applying to WTO investors. 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.

The Minister has determined that the threshold for review for WTO investors or vendors, (other than Canadians), to be 369 million dollars for the year 2015, and the amount was published in the Canada Gazette Part I on February 7, 2015.

Click on the above link for more details.