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ARTICLE · 28 AUGUST 2013

2013 Investment Canada Update

Gowling WLG
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If you wish to invest in Canada but are neither a Canadian citizen nor a permanent resident within the meaning of the Immigration Act, then you are a "non-Canadian" and must comply with the provisions of the federal government's Investment Canada Act. For these purposes, a non-Canadian includes any entity controlled or beneficially owned by non-Canadians.

CanadaInternational Law
Henry Brown, KC
Henry Brown, KC
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Summary

If you wish to invest in Canada but are neither a Canadian citizen nor a permanent resident within the meaning of the Immigration Act, then you are a "non-Canadian" and must comply with the provisions of the federal government's Investment Canada Act. For these purposes, a non-Canadian includes any entity controlled or beneficially owned by non-Canadians.

Virtually every new business acquisition or investment in Canada by a non-Canadian is either notifiable, i.e., the Investment Canada Act requires a Notification document to be filed, or, is reviewable, ie., an Application for Review must be filed. This includes both direct and indirect acquisitions.

What is notifiable?

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