The Government of Canada recently increased the monetary thresholds under the Competition Act and Investment Canada Act for most transaction types. Companies whose transactions exceed the applicable monetary and control thresholds under these statutes are required to submit a filing and undergo a review before they can close their transactions.
It is always important to check with counsel to assess which thresholds apply given the technical nature of the rules and related guidance from the agencies.
Investment Canada Act
Here is a list of countries whose investors are eligible for the C$1.568-billion threshold:
Country of Investor Origin
Republic of Korea
* Once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been ratified.