Industry committee  In practical terms, probably not. The reality is that most undertakings given by investors are for a period of three years. For that period of time, people are operating under a set of laws and regulations they assume will be relatively constant. One thing—

Industry committee  Absolutely. Our trade partners trust us to provide a stable framework for them to invest, and likewise for us to invest in their countries.

Industry committee  I'm not sure there was necessarily a jump. There has generally been a decline in the number of net benefit reviews over time, because the thresholds have risen. I believe the CBA brief cited nine cases reviewed in the annual report for that fiscal year. Interestingly, however, th

Industry committee  Yes. Thresholds go up each year. They're not that significant. It depends very much on the flow of transactions from year to year. If there's a decline in the number of transactions overall, there may well be a decline in the number of reviews. Here we're only talking about very

Industry committee  Thank you for the question. I think the system does permit the government to unpack ownership quite well. There are extensive provisions around determining ultimate control of the investor. When an investor is submitting a notification or an application for a review, that inform

Industry committee  Thank you, Madam Chair and honourable members of the committee, for inviting me to speak today. My comments are personal and do not necessarily reflect the views of my firm or clients. I've been advising clients on the Investment Canada Act for over 30 years. During that time, I