Dual Filing Requirements

Filing requirements with both Industry Canada and the Department of Canadian Heritage

(NOTE: this is a summary of the official Guideline — to view the official Guideline text, click here)

These filing requirements apply where the investment involves businesses engaged in both Schedule IV activities and in other business activities, irrespective of the proportions of these businesses included in the transaction. The dollar values indicated are the total value of the assets of the Canadian business, calculated in accordance with the Investment Canada Act . For further clarification, please contact both the Investment Review Division of Industry Canada, and the Cultural Sector Investment Review office of the Department of Canadian Heritage.

In all cases where notification is made to the Department of Canadian Heritage, the investment may become subject to review should the Governor in Council order a review of the transaction.

Businesses involving uranium production, transportation, a financial service, or radio, television or cable broadcasting are subject to different filing requirements. For clarification please contact the Investment Review Division of Industry Canada.

Investment to establish a New Canadian Business

  • Notification to Industry Canada (IC)
  • Notification to Canadian Heritage (CH)

Acquisition of Control of a Canadian Business — Direct Transactions

Under $5M

  • Notification to IC
  • Notification to CH

$5M and more (non-WTO Investors)

  • Application to IC
  • Application to CH

$5M and more but under $312M (WTO Investors for 2009)

  • Notification to IC
  • Application to CH

$312M and more (WTO Countries for 2009)

  • Application to IC
  • Application to CH

Acquisition of Control of a Canadian Business — Indirect Transactions

Canadian assets 50% or less of worldwide assets
WTO Investors Non-WTO Investors
Under $50M $50M and more Under $50M $50M and more

Notification to IC
Notification to CH
Notification to IC
Application to CH
Notification to IC
Notification to CH
Application to IC
Application to CH
Canadian assets over 50% of worldwide assets
WTO Investors Non-WTO Investors
Under $5M $5M and more Under $5M $5M and more

Notification to IC
Notification to CH
Notification to IC
Application to CH
Notification to IC
Notification to CH
Application to IC
Application to CH