Inbound investment into Canada remains welcome — and more closely reviewed. The Investment Canada Act combines net-benefit filings with a national-security process that can affect deals well below traditional financial thresholds.

Parties should ask early: is the target in a sensitive sector, does the buyer have state ties, and what is the realistic review calendar? Those answers belong in the exclusivity letter, not the week before closing.

Our guide walks through current practice so boards can approve a process they understand, not a surprise.

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