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ARTICLE · 11 FEBRUARY 2022

Competition Act Pre-Merger Notification Threshold Remains Unchanged For 2022

Stikeman Elliott LLP
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Despite an increase in gross domestic product in 2021, the Canadian government has left the threshold for pre-merger notification under the Competition Act unchanged for 2022 ...

CanadaAntitrust/Competition Law
Laura Rowe
Laura Rowe
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Despite an increase in gross domestic product in 2021, the Canadian government has left the threshold for pre-merger notification under the Competition Act unchanged for 2022 at C$93 million in Canadian assets or revenues.

François-Philippe Champagne, the Minister of Innovation, Science and Economic Development, confirmed that the transaction-size threshold for notifiable transactions under the Competition Act would remain at $93 million for 2022.

As a result, the Bureau must generally be given advance notice of proposed transactions when:

  • The target (on a consolidated basis) has a book value of assets in Canada or annual gross revenues generated from those assets exceeding C$93 million; and

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