ANNOUNCEMENT 12 Jul 2010In July 2010, the government of Canada announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Canada lifted equity restrictions on foreign ownership of Canadian satellites used for telecommunications services. The elimination of the foreign equity restrictions on satellite services were in the 2010 Federal Budget omnibus legislation passed by Parliament on July 12, 2010. Section 2184 of Bill C-9 (Jobs and Economic Growth Act) amended the Telecommunications Act to allow foreign ownership of satellites.