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ARTICLE · 11 FEBRUARY 2019

Increase In Competition Act And Investment Canada Act Thresholds For Canadian M&A Transactions

Two key financial thresholds relevant to the review of proposed transactions under Canada's Competition Act and Investment Canada Act for 2019 were recently increased for 2019 as a result

CanadaAntitrust/Competition Law

Two key financial thresholds relevant to the review of proposed transactions under Canada's Competition Act and Investment Canada Act for 2019 were recently increased for 2019 as a result of an indexing mechanism mandating annual adjustments to relevant thresholds.

Competition Act

On January 31, 2019, the Competition Bureau announced an increase in the size of the target threshold from CA$921 million to $96 million. The new threshold went into effect on February 2, 2019.

Parties to transactions over certain financial thresholds must notify the Competition Bureau in advance of closing and pay a $72,000 filing fee.

While the thresholds vary by type of transaction, for 2019, a transaction will generally require notification if it is above both of the following thresholds:

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