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On February 29, 2012, Industry Canada announced that the threshold for review for WTO investors or vendors, other than Canadians, is now C $330 million for 2012 (increased from C $312 million in 2011).

The new threshold was published in the Canada Gazette Part I on February 25, 2012 (see: Canada Gazette).

The monetary threshold for review under the Investment Canada Act (the “ICA”) for WTO investors is both higher than the general thresholds under the ICA, which are $5 million and $50 million for direct and indirect transactions respectively, and increased annually based on GDP growth.

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