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Guideline for calculating assets in Canada published for consultation

By  |  April 11, 2012

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    The Canadian Competition Bureau has published Pre-Merger Notification Interpretation Guideline Number 15: Assets in Canada and Gross Revenues from Sales in, from or into Canada (Sections 109 and 110 of the Act). Interpretation Guideline 15 “provides guidance on how to calculate the aggregate value of assets in Canada and the gross revenues from sales in, from or into Canada. It also provides information on how to determine whether gross revenues from sales are generated from assets in Canada.”

    The Guideline is to help calculate party and transaction-size thresholds, as when the thresholds are exceeded, Section 114 of the Act requires parties to notify the Commissioner of the proposed transaction.

    The Bureau invites interested parties to submit comment by June 13, 2012.

    Full content: Competition Bureau Press Release

     

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