Investment Canada Act: Guide for Foreign Investors in Canada, 2019 Edition

Authors: Anita Banicevic, Jim Dinning, Mark Katz, Hillel W. Rosen, Charles Tingley, Alysha Manji-Knight, George N. Addy and Adam F. Fanaki

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

Download our guide.


Competition Bureau Tests Canada’s New Drip Pricing Law

May 25, 2023 - Canada’s Commissioner of Competition filed an application under the deceptive marketing provisions of the Competition Act (Act) on May 18, 2023, alleging that Cineplex Inc. is making false or misleading representations to the public on its website and mobile app about the prices of its...

Two Percent Tax on Share Buybacks by Public Companies

Apr. 18, 2023 - As part of the 2023 federal budget, tabled on March 28, 2023, the government has introduced draft legislation to implement a new 2% tax on share buybacks that was first announced in November 2022 as part of the government’s Fall Economic Statement. This tax (referred to below as the “Buyback...