ANNOUNCEMENT 01 Jan 2010

In January 2010, the government of Canada announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 01 Jan 2010 | Removal date: open ended
Still in force

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A