Additional info

Suggested Supplementary Information

Application for Review under the Investment Canada Act

The Application for Review form on the Investment Review Division's website provides a list of suggested subjects that applicants are encouraged to elaborate on, where relevant, in order to assist staff in the assessment of the application. The list on the website refers to:

  • 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 licences, 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).

  • Three year projections for: employment, sales, exports, capital expenditures and R&D expenditures.

In addition, the following would also be helpful, where relevant:

  • Other Regulatory Bodies and Dates (indication of whether any other regulatory authorities are reviewing this transaction; dates on which filings were made and the expected expiry of any waiting period or expected date of issuance of a decision).

  • Expected dates of any major events required to bring about the completion of the transaction, and the scheduled closing date of the transaction.

  • Consideration (where the acquisition of a Canadian business is part of a larger transaction, allocation of total consideration to the Canadian business).

  • Business Objective/Rationale (business rationale for the proposed transaction).

  • Corporate chart(s) (corporate organization chart for both the investor (Canadian operations only) and the Canadian business being acquired as they are currently structured; corporate organization structure post-acquisition) The chart should describe the relationship between the parties and their affiliates.

  • Management Organization chart and Functions (current management structure and functions of both the investor (Canadian operations only) and the Canadian business being acquired; post-acquisition management structure and functions of the Canadian operations).

  • Benchmarks, examples (specific examples and benchmarks to support the net benefit argument, e.g. for efficiencies, productions, exports, R&D, capital expenditures, new technologies, etc.).

  • The stock exchanges on which the investor's stock is listed and traded.

  • Any web site addresses which may contain information relevant to the assessment of the proposed transaction.

  • Any other information which the applicant considers relevant, e.g. with respect to the Canadian business, a brief about the industry it is in, the markets it serves, trends, etc...