The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. Right now, an investment or takeover of a Canadian business worth $330 million or more triggers a federal review under the Investment Canada Act. The industry minister looks at whether the investment is of "net benefit" to Canada, though current laws don't explain what that means. If the change goes ahead, the limit will immediately rise to $600 million, then to $800 million two years after that. The threshold will sit at $800 million for another two years before rising to $1 billion. The final amount will be indexed to Canada's gross domestic product. The Conservative government used the Investment ... Continue reading →
