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FDI: Entry and ownership rule
The 2009 Budget Implementation Act (Bill C-10, Part 14) amended the definition of "Canadian" as it applies to airlines in the Canada Transportation Act by changing the minimum of 75% Canadian ownership to a foreign ownership ceiling that may not be more than 49% in respect of non-Canadians. Prior to this law, foreign ownership of Canadian airlines had been limited to 25% of voting shares.
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