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The Government of Canada has announced updates to the
transaction size thresholds for review under
the
Competition Act and
Investment
Canada Act. The updated thresholds decreased slightly under
both acts from the 2020 thresholds, which may result in more
transactions that will be subject to review than there were last
year.
Competition Act
Transactions that exceed both the (i) transaction-size
threshold, and (ii), the party-size threshold, require pre-closing
merger notification to the Competition Bureau before they can
close.
Transaction Size Threshold: The "transaction size"
threshold has decreased from $96 million to