Until 2009, such transactions were entirely exempt from the Act.

Canada's Minister of Innovation, Science and Industry (the Minister) recently announced significant legislative reforms to the Investment Canada Act (the Act) to bolster national security reviews.

Foreign investment review in Canada, like in many other jurisdictions, is increasingly emphasizing national security considerations, including economic security.

Although many countries have opted for protectionism, Canada has shown a growing interest in attracting foreign direct investment.

A number of commentators have noted that Canadian restrictions on foreign investments may in fact be hampering Canada’s growth. It would appear that the federal government agrees, and plans to take action accordingly.

The strength and stability of Canada’s economy continues to attract foreign investment, including our commercial and residential real estate sectors.

On March 30 of this year, in response to a question about whether the Canadian government would permit a takeover of Blackberry maker Research In Motion

The Canadian Government is again addressing "unfinished business" relating to the Investment Canada Act (the ICA) following closely on the heels of its announcement last month of amendments permitting the disclosure of notices of, and reasons for, provisional rejections of foreign investments as well as security for payment of penalties for failure to comply with undertakings.

On November 3, 2011 the U.S. Internal Revenue Service (the "Service") published proposed regulations (the "Proposed Regulations") under Section 892 of the U.S. Internal Revenue Code (the "Code"). Section 892 of the Code generally exempts foreign governments and their controlled entities

In the past two years, the income trust has developed into an extremely widespread and versatile vehicle for acquiring and repackaging an increasingly diverse range of businesses in an effort to maximize value. A widely cited statistic for 2002 is that almost 90% of Canadian initial public offerings in that year were made through income trusts, with roughly 45 businesses effectively being sold to the public through income trust offerings. As of early September, 2003, activity remained strong, wi

The federal government has published a draft legislative proposal that would allow for the extension of certain legislative time limits and other periods due to COVID-19.

On August 4, 2016, as part of its annual report on the Investment Canada Act for fiscal year 2015–16, the Canadian government disclosed, for the first time, high level information on its use of the Act's national security...

On December 7, 2022, the Canadian government tabled Bill C-34: An Act to amend the Investment Canada Act (the "Proposed Amendments"), which would mark the first significant legislative changes...

On August 2, 2022, the Canadian government amended the National Security Review of Investments Regulations (the "National Security Regulations") under the Investment Canada Act (the "Act") to...

A U.S. taxpayer (UST) making an investment in Canadian real estate is faced with the decision of direct ownership (or through a U.S. entity) or interposing a Canadian entity. Direct ownership can, in some instances, provide certain Canadian tax advantages as outlined below, compared to using a Canadian corporation.

Canada's Prime Minister Mark Carney has unveiled the "Productivity Mega Deduction," a permanent tax measure providing immediate 100% write-offs for approximately 65% of business assets, positioning Canada's marginal effective tax rate on new business investment at 6.4% - the lowest among major economies. Alongside this initiative, the Canada Revenue Agency will now prioritize advance income tax rulings for investments exceeding $1 billion, aiming to deliver decisions within 90 business days to accelerate ma

In 2005, foreign direct investment in Canada rose $10.0 billion to $398.4 billion at the end of the fourth quarter. This increase came mostly from acquisitions of Canadian firms by foreign investors and largely from overseas countries.

A new Commissioner of Competition (Commissioner) is expected to be appointed in the first half of 2019.

Yesterday, the Commissioner of Competition challenged the completed acquisition by CCS Corporation (CCS) of Complete Environmental Inc. (Complete).

The Competition Bureau announced yesterday that it has entered into an agreement with Empire Company (the parent company of Sobeys, IGA and others grocery chains) to remove a ‘property control.x