Application for Review

Investment Canada Act

Application for Review

Privileged under Section 36 of the Investment Canada Act

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Investor









  1. (URL — if available)

  2. Is the investor a WTO investor or a NAFTA investor? (ultimate control)






  3. Provide annual reports of the investor for the three (3) most recent completed fiscal years



    OR

    If not available, financial statements for the three (3) most recent completed fiscal years

    (NOTE: Both the Balance Sheet and the Income Statement are required. )

    In answering the following item, you may refer us to your annual reports or to other business material attached (e.g. 1OK forms, brochures, etc. )













  4. Copy of purchase and sale agreement



    OR













  5. Provide annual reports of the Canadian business(es) for the three (3) most recent completed fiscal years



    OR

    If not available, financial statements for the three (3) most recent completed fiscal years

    (NOTE Both the Balance Sheet and the income Statement are required)

    In answering the following item, you may refer us to the annual reports of the Canadian business or to other attached business material




  6. Included in:



    OR




    b) Indicate the locations in Canada where the business(es) is(are) being carried on, the business activities carried on at each location and the number of employees at each location







  7. If the investor is not a WTO investor or a NAFTA investor, is the Canadian business immediately prior to the implementation of the investment, "controlled by a WTO investor or a NAFTA investor"?



    OR

Value of Assets



  1. AND



    The value of assets is the value shown in the applicable financial statements expressed in Canadian dollars

Plans

  1. Provide in an attachment a detailed description of the investor's plans for the Canadian business, comparing them with the current operations of the Canadian business. The plans should be described according to the relevant factors indicated on the last page of this form







Please send this form to:
Industry Canada
Director of Investments
235 Queen Street, Room 400B East Tower
C.D. Howe Building
Ottawa, Ontario
K1A 0H5
FAX 613-996-2515

 

Factors

Plans

The assessment factors, set out in section 20 of the Investment Canada Act, are taken into account, where relevant, in the review of your investment.
They are:

  1. the effect of the investment on the level and nature of economic activity in Canada, including, without limiting the generality of the foregoing, the effect on employment, on resource processing, on the utilization of parts, components and services produced in and on exports from Canada;
  2. the degree and significance of participation by Canadians in the Canadian business or new Canadian business and in any industry or industries in Canada of which the Canadian business or new Canadian business forms or would form a part;
  3. the effect of the investment on productivity, industrial efficiency, technological development, product innovation and product variety in Canada;
  4. the effect of the investment on competition within any industry or industries in Canada;
  5. the compatibility of the investment with national industrial, economic and cultural policies, taking into consideration industrial, economic and cultural policy objectives enunciated by the government or legislature of any province likely to be significantly affected by the investment; and
  6. the contribution of the investment to Canada's ability to compete in world markets.

The following list suggests a number of subjects you may wish to elaborate on, if they are relevant. Please note that it is simply a general guide and does not represent a list of obligatory subjects to be covered.

  • Employment (number and type of jobs created or lost)
  • Additional investment (increased working capital provisions, expansion)
  • Resource processing (value added, extent of processing)
  • Utilization of parts, components and services (requirements of the Canadian business and opportunity for Canadian suppliers to compete in supplying them)
  • Exports (percentage of exports compared to total sales, markets served, types of products or services exported)
  • Canadian participation (number of Canadians as employees, managers, directors and owners)
  • Productivity/efficiency (new or expanded plant, new equipment rationalization of activities, training)
  • Technological development (nature of R&D, R&D expenditures and timing, R&D facility, R&D contract in Canada, use and terms and conditions to use licenses, patents, etc.)
  • Product innovation/variety (different or complementary product lines, state-of-the-art products)
  • International competitiveness (world product mandate, access to international distribution networks)

The most frequent cause of delays in the review of applications is the lack of adequate information on the applicant's plans for the Canadian business. Applicants should describe their plans in sufficient detail to enable the reviewing officer to obtain a clear understanding of their intentions. It is also helpful for applicants to provide three-year projections for the Canadian business for employment, sales, exports, capital expenditures and research and development expenditures, where relevant.