ANNOUNCEMENT 01 Jan 2012

In January 2012, the government of Canada announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 01 Jan 2012 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

The 2012 budget implementation bill (Bill C-38) amended section 16 of the Telecommunications Act to remove foreign ownership restrictions on carriers with less than a 10% market share based upon total Canadian telecommunications revenue. The amendments also permit exempt carriers to retain the exemption if they grow beyond the threshold by means other than mergers with, or acquisitions of, other carriers. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A