On March 12, 2009, the Government of Canada passed legislation amending the Investment Canada Act (ICA). These amendments made a number of significant changes to the ICA, including the following:
- Introducing a national security review process.
- Changing the general net benefit review threshold for most acquisitions of Canadian businesses by non-Canadians from C$312 million in book value of assets to C$600 million in enterprise value, once new regulations come into force, rising progressively to C$1 billion over a four-year period.
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