• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
Background Image
Bennett Jones Logo 100 Years
  • People
  • Expertise
  • Knowledge
  • Search
  • Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Capital Projects Energy Funds & Finance Mining View all
Advisory
Crisis & Risk Management Environmental, Social & Governance (ESG) Governmental Affairs & Public Policy
Insights News Events
New Energy Economy Series COVID-19 Resource Centre Business Law Talks Podcast
Subscribe
Bennett Jones Centennial Menu
People
Practices
Industries
Advisory Services
About
Offices
News
Careers
Insights
Law Students
Events
Search
Alumni
Payments
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

New Canadian Competition Act and Investment Canada Act Merger Review Thresholds for 2020

April 03, 2020

Written by Adam Kalbfleisch and Kyle Donnelly

The Competition Bureau has announced that the 2020 size of transaction pre-merger notification threshold under the Competition Act will remain unchanged from the current threshold of $96 million set in 2019. Acquisitions may be subject to mandatory pre-notification where the aggregate value of the target firm's assets in Canada, or the gross revenues from sales in or from Canada generated from those assets, exceeds the size of transaction threshold. The size of parties threshold ($400 million), and shareholdings threshold in the case of share deals, must also be met for a mandatory notification to be required.

Similarly, Innovation, Science and Industry Canada (ISI) also recently increased various review thresholds for investments under the Investment Canada Act, effective February 15, 2020. The 2020 threshold for World Trade Organization (WTO) investors that are not state-owned enterprises (SOEs) increased to $1.075 billion for direct investments involving Canadian non-cultural businesses, based on the enterprise value of the Canadian business’ assets (up from $1.045 billion in 2019). Private sector investors from the United States, Australia, Chile, Colombia, the European Union, Honduras, Japan, Mexico, New Zealand, Panama, Peru, Singapore, South Korea and Vietnam benefit from a higher "trade-agreement" investor threshold, which increased to $1.613 billion, based on the enterprise value of the Canadian business’ assets, up from $1.568 billion in 2019. The 2020 threshold for WTO investors that are SOEs increased to $428 million based on the book value of the Canadian business' assets, up from $416 million in 2019.

The thresholds for review for direct and indirect investments by non-WTO investors ($5 million and $50 million, respectively) and for direct and indirect investments in Canadian cultural businesses ($5 million and $50 million, respectively) remain the same.

PDF Download

Authors

  • Adam  Kalbfleisch Adam Kalbfleisch, Partner
  • Kyle H. Donnelly Kyle H. Donnelly, Partner

Bennett Jones Marks 100 Years of Service and Trust

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

Alberta Court Denies Application to Hear Motion to [...]

May 17, 2022
       

Blog

Alberta Court of Queen's Bench Finds Conflict of Interest [...]

May 16, 2022
       

Blog

The UK’s New Economic Crime Legislation–A Sign of Things to Come?

May 16, 2022
       

Blog

Canada's Federal Budget 2022 and Canadian Sanctions Implications

May 12, 2022
       

Blog

Alberta Court of Appeal Releases Reference Opinion [...]

May 11, 2022
       
Bennett Jones Centennial Footer 100 Years
Bennett Jones Centennial Footer 100 Years
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
  • History
Offices
  • Calgary
  • Edmonton
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2022. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones