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ARTICLE · 13 OCTOBER 2017

Foreign Investment In Canada: Osler Fall 2017 Update

It has been an eventful year so far for foreign investment review in Canada. As expected (see our December 2016 Update)...

CanadaGovernment, Public Sector

Introduction

It has been an eventful year so far for foreign investment review in Canada. As expected (see our December 2016 Update), liberalization has been the dominant theme. The most noteworthy development has been the significant increase to the financial threshold used to determine whether private-sector investments in Canadian businesses will be subject to "net-benefit" review under the Investment Canada Act (ICA). The threshold began the year at $600 million, but was raised to $1 billion on June 22 (see our June 2017 Update), and to $1.5 billion on September 21 for investors from the European Union (EU), the United States (U.S.) and select other nations that have free trade agreements with Canada, as a result of the implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).

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