Canada: Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Canada, Australia, Japan, Mexico, New Zealand and Singapore is now in effect. The CPTPP significantly reduces the regulatory burdens associated with investments into Canada by investors based in the aforementioned countries.
The Investment Canada Act allows the Canadian government to review and approve foreign control investments exceeding certain thresholds. Foreign investors from countries that have a trade agreement in place with Canada can make up to CAD 1 billion in investments in almost any Canadian business. Approval will be needed for investors from other countries for investments up to CAD 1 billion.