Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 13 FEBRUARY 2018

New Thresholds Announced For Canadian Merger Reviews

Torys
Torys
Contributor
Torys

Torys

Torys LLP is an international business law firm that works with clients who expect the best advice...

View firm profile
Explore more from Torys

On February 10, new thresholds for Canadian merger reviews under the Competition Act and Investment Canada Act came into effect.

CanadaAntitrust/Competition Law
Dany Assaf
Dany Assaf
Omar Wakil
Omar Wakil
Ian Li
Ian Li
Author LinkedIn connections

On February 10, new thresholds for Canadian merger reviews under the Competition Act and Investment Canada Act came into effect.

What You Need To Know

  • The threshold for merger notification under the Competition Act has increased from $88 million to $92 million for 2018.
  • The 2018 threshold for reviews of direct investments by state-owned or influenced enterprises under the Investment Canada Act has increased from $379 million to $398 million.

The Details

Competition Act Thresholds

Pre-merger notification under Canada's Competition Act is generally required for transactions where the target has either assets in Canada or revenues in or from Canada generated from those assets of $92 million or more and where the parties to the transaction have Canadian assets in Canada or revenues from sales in, from or into Canada of $400 million or more. In some cases, additional share or partnership interest ownership levels must also be satisfied.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Greenwashing In Canada: What The Competition Bureau’s 2026 Updated Environmental Claims Guidelines Mean For Your Business

Canada's Competition Bureau has released updated guidelines addressing environmental claims and greenwashing under the Competition Act. The guidelines establish six compliance principles and clarify how businesses must substantiate environmental benefit claims following recent legislative amendments, including changes introduced by Bill C-15 that provide greater flexibility in substantiation methods while maintaining evidence requirements.
CanadaAntitrust/Competition Law
WeirFoulds LLP
WeirFoulds LLP
Article

Competition Bureau Reaches Consent Agreement With Empire Company Limited Regarding Grocery Property Controls

The Competition Bureau of Canada has entered into a consent agreement with Empire Company Limited, parent of major grocery chains including Sobeys and Safeway, restricting the company's use of property controls that limit competition. This agreement prohibits Empire from enforcing certain restrictive covenants and exclusivity clauses that prevent other grocers from operating nearby, despite Empire's earlier voluntary commitments. The Bureau's action signals heightened regulatory scrutiny of property control
CanadaAntitrust/Competition Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Article

Cassels On Competition: October 2026

More particularly, the Plaintiff had argued that the drip pricing provision in subsection 52(1.3) of the Competition Act requires “all-inclusive pricing” and forbids all forms of “fragmented or segmented pricing,” and that Ticketmaster’s partitioned price representations are thus prohibited as a criminal conduct and amount to false or misleading representations covered by the criminal misleading advertising provision in section 52
CanadaAntitrust/Competition Law
Cassels
Cassels
Article

The Supreme Court Of Canada Reviews Québec’s Bill 21

Québec's Bill 21, enacted in 2019, bans public sector workers from wearing religious symbols and is shielded from most Charter challenges by the notwithstanding clause. The Supreme Court of Canada is now reviewing this controversial law, with a ruling expected as early as November 2026 or later in 2027. Former Minister of Justice Arif Virani discusses the court's struggle to balance competing constitutional principles in this landmark case.
CanadaLitigation, Mediation & Arbitration
Torys
Torys
Article

Government Of Canada Makes Significant Changes To Energy Project Approvals Process

On September 3, the Government of Canada published amendments removing seven types of energy projects from the Physical Activities Regulations (the Project List) under the Impact Assessment Act (IAA). As a result, these types of projects will no longer be subject to the IAA but will continue to be regulated by the Canada Energy Regulator Act (CER Act) or applicable provincial environmental assessment regimes.
CanadaEnergy and Natural Resources
Torys
Torys
Article

Bill C-39, The Building Canada Strong Act, Tabled To Accelerate Project Reviews And Attract Investment

The Government of Canada has introduced Bill C-39, the Building Canada Strong Act, which aims to transform federal project reviews by consolidating decision-making authority, implementing a two-year approval timeline, and establishing a mechanism for designating "Regions of National Interest." These reforms seek to accelerate infrastructure, energy, and mining projects while maintaining environmental protections and Indigenous consultation requirements.
CanadaGovernment, Public Sector
Torys
Torys
Article

Legal Landscape Of Artificial Intelligence In Canada

Financial service providers using artificial intelligence face a complex regulatory landscape in Canada, with evolving federal and provincial legislation addressing transparency, consumer protection, privacy, and competition. As regulators increase scrutiny of AI-enabled practices and new frameworks like OSFI's Model Risk Management guidelines take effect, institutions must strengthen governance policies and prepare for heightened compliance obligations.
CanadaStrategy
Torys
Torys