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ARTICLE · 22 FEBRUARY 2021

2021 Merger Review Thresholds

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These thresholds are adjusted annually based on GDP formulas.

CanadaAntitrust/Competition Law
Justine Reisler
Justine Reisler
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The Competition Bureau announced the 2021 transaction-size pre-merger notification threshold under the Competition Act is decreasing to C$93 million, effective February 13, 2021. Innovation, Science and Economic Development Canada also announced new, lower foreign investment review thresholds under the Investment Canada Act, effective January 1, 2021.

These thresholds are adjusted annually based on GDP formulas. As a consequence, they generally increase each year. This year's decrease in merger review thresholds is a consequence of Canada's economic contraction following from extensive restrictions on economic activity imposed by governments which were intended to slow the spread of COVID-19. If the economy recovers, it is likely these thresholds will increase in 2022.

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