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House Hansard - 182

44th Parl. 1st Sess.
April 21, 2023 10:00AM
Context: House Hansard - 182 - Apr/21/23
Mr. Andy Fillmore (Parliamentary Secretary to the Minister of Innovation, Science and Industry, Lib.)
  • Apr/21/23 11:48:37 a.m.
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Mr. Speaker, as the member knows, the Investment Canada Act provides for the review of the most significant investments by non-Canadians to ensure the net benefit to the Canadian economy. All investments, no matter their value, are subject to a national security review under the ICA. Therefore, the acquisition of a Canadian company by a foreign company would be subject to review. As the member knows, due to the confidentiality provisions under the act, we cannot comment further.
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