Investment Canada Act FAQ

The Canadian government is generally supportive of foreign investment, although a few high-profile transactions have received a high level of public and political attention. The Investment Canada Act (ICA) allows the federal government to screen proposed foreign investments to ensure that they are likely to produce a “net benefit to Canada.” All acquisitions of control of a Canadian business by a “non-Canadian” are subject to the provisions of the ICA – even where the Canadian business is already foreign controlled. This FAQ covers topics such as triggers for notifications and economic reviews, exemptions, cultural businesses, timing, undertakings, and state owned enterprises, among others. Download: English (331.3 Kb)