ANNOUNCEMENT 22 Jun 2017
The level at which foreign investments are reviewed has been increased twice in one year.
NUMBER OF INTERVENTIONS
http://www.parl.ca/DocumentViewer/en/42-1/bill/C-44/royal-assent. For the guidelines governing national security reviews see http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/lk81190.html.
Effective April 24, 2017, Canada increased the net benefit review threshold for inward foreign investment from Can.$600 million (US$462 million) to Can.$800 million (US$616 million). At issue is the review of direct acquisitions of control by private investors from WTO countries, which happens when the enterprise value of the Canadian businesses reaches or exceeds the threshold level. The same threshold applies when a private non-WTO investor acquires an enterprise that had immediately previously been controlled by a WTO investor.
Effective June 22, 2017 (the date of Royal Assent of the bill C-44), Canada increased the net benefit review threshold for inward foreign investment from Can.$800 million (US$616 million) to Can.$1 billion (US$770 million).