Published by the Competition / Antitrust & Foreign
Investment Group
Competition Act
Certain types of transactions that exceed prescribed thresholds
require pre-merger notification under Canada's Competition
Act. Such transactions cannot be completed until notice
has been given to the Commissioner of Competition and the statutory
waiting period has expired or, alternatively, has been terminated
early or waived by the Commissioner. One of these thresholds,
the transaction-size threshold, is subject to an annual
index adjustment. As of February 2, 2019, the
transaction-size threshold increased to C$96
million (from C$92 million in 2018). This threshold
looks at the aggregate value of assets in Canada of the target (or
of the assets in Canada that are the subject of the transaction) or
the annual gross revenues from sales in or from Canada generated by
those assets. The application of this threshold varies by the
type of transaction. No other changes have been
