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ARTICLE · 25 MARCH 2013

Frequently Asked Questions Concerning The Investment Canada Act

Osler, Hoskin & Harcourt LLP
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The following are some frequently asked questions concerning the application, administration and enforcement of the Investment Canada Act.

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Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
Michelle Lally
Michelle Lally
Shuli Rodal
Shuli Rodal
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The following are some frequently asked questions (FAQs) concerning the application, administration and enforcement of the Investment Canada Act. These FAQs and responses are of a general nature, and cannot be regarded as legal advice.

1. When does the Investment Canada Act apply?

The Investment Canada Act (ICA) applies when a non-Canadian (i.e., an individual that is neither a Canadian citizen nor a permanent resident, or an entity that is not Canadian-controlled) establishes a new business in Canada, proposes to acquire control of a Canadian business directly or indirectly, or acquires an interest in a Canadian business and the acquisition could be injurious to national security.

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