Investment Canada Act - ICA

AAA

DEFINITION of 'Investment Canada Act - ICA'

A piece of legislation designed to provide for the review of significant investments made in Canada by non-Canadians in order to ensure they benefit Canada. The Investment Canada Act provides regulations pertaining to non-Canadians who acquire control of existing Canadian businesses, or who establish new Canadian businesses. Such individuals or entities must submit a notification or an application for review under the Investment Canada Act.

INVESTOPEDIA EXPLAINS 'Investment Canada Act - ICA'

A Canadian federal law, the Investment Canada Act governs foreign direct investment within Canada. The act authorizes the Canadian government to prohibit any foreign investments over $299 million (or others of "significant" size, as established by the government) if it is determined that they do not or will not provide a net benefit to Canada. The act went into effect on June 20, 1985, as one of Brian Mulroney's first acts as part of the Progressive Conservative government.

RELATED TERMS
  1. Overseas Private Investment Corporation ...

    A U.S. government agency that assists businesses looking to invest ...
  2. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
  3. Canada Pension Plan - CPP

    One of three levels of Canada's retirement income system, which ...
  4. Foreign Direct Investment - FDI

    An investment made by a company or entity based in one country, ...
  5. Canadian Capital Markets Association ...

    A nonprofit organization that was created to analyze issues arising ...
  6. Expanded Accounting Equation

    The expanded accounting equation is derived from the accounting ...
Related Articles
  1. Segregated Funds: Investment Protection ...
    Options & Futures

    Segregated Funds: Investment Protection ...

  2. NAFTA's Winners And Losers
    Economics

    NAFTA's Winners And Losers

  3. CDIC Protects Canadians From Bank Failure ...
    Retirement

    CDIC Protects Canadians From Bank Failure ...

  4. A Clear Look At EBITDA
    Markets

    A Clear Look At EBITDA

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center