Investment Canada Act: A Guide for Foreign Investors in Canada, 2026

Davies’ Investment Canada Act (ICA) guide provides an overview of the ICA and its application to foreign investments in Canada. Any non-Canadian proposing to establish a new Canadian business, or to acquire or invest in an existing business in Canada, should be aware of the Act’s review and notification requirements.

A valuable resource for foreign investors, our guide addresses the following topics:

• Overview: National Security Review (NSR) and Net Benefit Review (NBR)
• NSR Scope and Process
• NBR Scope and Process
• Illustration of NSR and NBR Timing
• Prohibitions and Remedies