What Competition Act, R.S.C. 1985, c. C-34 - Abuse of Dominance Provisions as Amended by Bill C-56 (2023) and Bill C-59 (2024) requires
Prohibits dominant firms from engaging in anti-competitive acts that prevent or lessen competition substantially in a market. Following the Bill C-56 (2023) and Bill C-59 (2024) amendments, administrative monetary penalties for abuse of dominance are the greater of $25 million for a first order ($35 million for each subsequent order), or three times the value of the benefit derived from the anti-competitive practice, or - where that value cannot be reasonably determined - 3 percent of the firm's annual worldwide gross revenues. Affected private parties may seek leave from the Competition Tribunal to bring an abuse-of-dominance application under Section 103.1. Applies to any person or entity with substantial or complete control over a market under Section 79(1).
Pillar: Competition & Antitrust · Authority: Department of Justice Canada · Version: 1.1.0 · Last updated:
Primary source: https://laws-lois.justice.gc.ca/eng/acts/C-34/index.html
SHA-256 integrity: 1647f8dfc3e1bfc8457bf6d2b8c100b5a0c588db914f6150b44a0b0fa17726a4
Primary Citations — 5 traced to source
- Competition Act, R.S.C. 1985, c. C-34, Section 79(1) - Abuse of Dominant Position
- Competition Act, R.S.C. 1985, c. C-34, Section 79(3) - Determination of Anti-Competitive Acts
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