What Canada Investment Canada Act 1985 requires
The Investment Canada Act (R.S.C. 1985, c. 28 (1st Supp.)), last significantly amended by the Budget Implementation Act 2023, requires non-Canadian investors to file a notification or application for review before completing direct acquisitions of Canadian businesses, subjects direct acquisitions of businesses with enterprise value exceeding CAD 1.287 billion (2024 threshold for WTO investors from non-state-controlled entities) to a net benefit to Canada review under Section 21, applies a national security review under Sections 25.1 to 25.4 to any foreign investment regardless of size or sector that could be injurious to Canada's national security, and enables the Minister of Innovation, Science and Industry to order divestiture, impose binding undertakings, or prohibit the investment on net benefit or national security grounds, with penalties of CAD 10,000 per day for contraventions of orders.
Pillar: Legal & IP Sovereignty · Authority: Parliament of Canada · Version: 1.0.0 · Last updated:
Primary source: https://laws-lois.justice.gc.ca/eng/acts/I-21.8/page-3.html
SHA-256 integrity: e3dae85a952da90ca1c1090dd3316660fc87eb6eb1f24a108c2c98d1086b4a36
Primary Citations — 5 traced to source
- Sections 2-3 (definitions, non-Canadian), 12-14 (notification), 17-25 (review applications, net benefit determination, undertakings), 25.1-25.4 (national security review), 26-28 (Canadian control test), 40 (divestiture orders), Schedule (review thresholds) — Investment Canada Act (R.S.C. 1985, c. 28 (1st Supp.))
- Review thresholds for WTO investors, SOE investors, and cultural business acquisitions (updated annually) — Innovation, Science and Economic Development Canada - Investment Canada Act Thresholds (2024)
+ 3 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/ca-investment-canada-act-1985.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/ca-investment-canada-act-1985.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/ca-investment-canada-act-1985
- Back to registry: Browse all 10,099 compliance nodes