Mar. 27, 2024 - Substantial amendments to the Investment Canada Act (ICA) were enacted on March 22, 2024, with the passing of Bill C-34, the National Security Review of Investments Modernization Act. These amendments, long in the works, will come into effect on a date to be fixed by Cabinet. It...
Guide
Investment Canada Act: Guide for Foreign Investors in Canada, 2019 Edition
The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the Investment Canada Act (ICA), Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how it is applied. Topics addressed include the following:
- thresholds and considerations that trigger a review under the ICA
- factors considered during an ICA review, and timing of the review process
- undertakings regularly required as a condition for approval
- sanctions for non-compliance with the ICA
- state-owned enterprise guidelines
- national security reviews
Key Contacts
Related
Mar. 13, 2024 - The Canadian government recently issued two policy statements (IDM Statements) affirming that it will enhance its scrutiny under the Investment Canada Act (ICA) of foreign investments in the Canadian Interactive Digital Media (IDM) sector. One of the statements sets out the...
