The Competition Bureau has increased the thresholds for mandatory merger notification. In terms of the revised thresholds, mergers must be notified where:

  • the book value of the target’s assets in Canada or revenues from sales in or from Canada generated from those assets exceed CAD 86 million (approximately ZAR 793 million); and
  • the combined Canadian assets or revenues of the parties and their respective affiliates in, from or into Canada exceed CAD 400 million (approximately ZAR 3.6 billion).