Language selection

Search

Temporary Extension of Certain Timelines in the National Security Review Process Due to COVID-19

On July 31, 2020 the Minister of Innovation, Science and Industry issued a Ministerial Order pursuant to the Time Limits and Other Periods Act (COVID-19).

This Order lengthens the initial review period and the extended initial review period of the national security review timeline for any investments for which an application or notification has been certified as of the date of the Ministerial Order, July 31, 2020, up to December 31, 2020. The Ministerial Order also extends the deadline for the Minister to take action under Part IV.1 for investments that are subject to the Investment Canada Act but do not require a filing. For these investments, the relevant period continues to be determined from the date of implementation of the investment.

If you have any questions about the relevant timeline relating to a filing you have submitted or an investment you have or plan to make, please contact the Investment Review Division at
ic.investmentcanada-investissementcanada.ic@canada.ca.

The illustration below provides a summary of the temporary revised Investment Canada Act national security review process.

Illustration 1: Temporary timeline for ICA Part IV.1 National Security Review Process

Temporary timeline for ICA Part IV.1 National Security Review Process
Text version of Illustration 1
  • Pre-filing period
  • Initial Review Period (45 days) – For investments that require a filing, the initial review period is lengthened by 15 days to a total of 60 days from the date of a certified filing. For investments that do not require a filing, the deadline for the Minister to take action under the ICA is lengthened from 45 days to 180 days (six months) post-implementation.
  • Extended Initial Review (45 days) – The extended review period is lengthened by 45 days to a total of 90 days from the date of the section 25.2 notice.
  • GiC-Ordered Review Period (45 days)
  • Extended GiC Ordered Review (45 days)
  • Further extension with investor consent
  • GiC decision (20 days)

Ministerial Order

Ministerial Order [PDF: 125KB 4 pages]

Explanatory Note [PDF: 527KB 2 pages]


Date modified: