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ARTICLE · 25 APRIL 2023

Frequently Asked Questions Concerning The Investment Canada Act (ICA)

Osler, Hoskin & Harcourt LLP
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The following are some frequently asked questions (FAQs) concerning the application, administration and enforcement of the ICA. These FAQs and responses are of a general nature...

CanadaGovernment, Public Sector
Shuli Rodal
Shuli Rodal
Michelle Lally
Michelle Lally
Kaeleigh Kuzma
Kaeleigh Kuzma
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The following are some frequently asked questions (FAQs) concerning the application, administration and enforcement of the ICA. These FAQs and responses are of a general nature, and cannot be regarded as legal advice.

  1. When do the net benefit provisions of the ICA apply?
  2. What are the thresholds for net benefit review?
    1. Financial Threshold
    2. Acquisition of Control Threshold
  3. What are the implications of the enterprise value threshold for investment reviews?
  4. Are there any exemptions from filing under the Investment Canada Act?
  5. If an acquisition of control does not meet thresholds for review, is the investor required to obtain any kind of clearance, or take any action?

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