1 This Act may be cited as the Competition Act .
Marginal note: Purpose of Act
1.1 The purpose of this Act is to maintain and encourage competition in Canada in order to promote the efficiency and adaptability of the Canadian economy, in order to expand opportunities for Canadian participation in world markets while at the same time recognizing the role of foreign competition in Canada, in order to ensure that small and medium-sized enterprises have an equitable opportunity to participate in the Canadian economy and in order to provide consumers with competitive prices and product choices.
Marginal note: Definitions
includes the business of
It also includes the raising of funds for charitable or other non-profit purposes. ( entreprise )
[Repealed, R.S., 1985, c. 19 (2nd Supp.), s. 20]
means the Commissioner of Competition appointed under subsection 7(1); ( commissaire )
has the same meaning as in subsection 342.1(2) of the Criminal Code ; ( ordinateur )
means representations, including signs, signals or symbols, that are capable of being understood by an individual or processed by a computer system or other device; ( données )
[Repealed, 1999, c. 2, s. 1]
means a message sent by any means of telecommunication, including a text, sound, voice or image message; ( message électronique )
means a corporation or a partnership, sole proprietorship, trust or other unincorporated organization capable of conducting business; ( entité )
includes data; ( renseignement )
means a name or information used to identify a source of data on a computer system, and includes a URL; ( localisateur )
[Repealed, R.S., 1985, c. 19 (2nd Supp.), s. 20]
means the Minister of Industry; ( ministre )
[Repealed, R.S., 1985, c. 19 (2nd Supp.), s. 20]
includes an article and a service; ( produit )
means a medium on which information is registered or marked; ( document )
means the part of an electronic message — including the data relating to source, routing, addressing or signalling — that identifies or purports to identify the sender or the origin of the message; ( renseignements sur l’expéditeur )
means a service of any description whether industrial, trade, professional or otherwise; ( service )
means the part of an electronic message that purports to summarize the contents of the message or to give an indication of them; ( objet )
includes any class, division or branch of a trade, industry or profession; ( commerce, industrie ou profession )
means the Competition Tribunal established by subsection 3(1) of the Competition Tribunal Act . ( Tribunal )
Marginal note: Binding on agents of Her Majesty in certain cases
2.1 This Act is binding on and applies to an agent of Her Majesty in right of Canada or a province that is a corporation, in respect of commercial activities engaged in by the corporation in competition, whether actual or potential, with other persons to the extent that it would apply if the agent were not an agent of Her Majesty.
Marginal note: Defects of form
3 No proceedings under this Act shall be deemed invalid by reason of any defect of form or any technical irregularity.
Marginal note: Collective bargaining activities
4.1 [Repealed, 2009, c. 2, s. 407]
Marginal note: Underwriters
Marginal note: Amateur sport
Marginal note: Commissioner of Competition
Marginal note: Deputy Commissioners
Marginal note: Application for inquiry
may apply to the Commissioner for an inquiry into the matter.
and the names of the persons believed to be concerned therein and privy thereto; and
Marginal note: Inquiry by Commissioner
cause an inquiry to be made into all such matters as the Commissioner considers necessary to inquire into with the view of determining the facts.
Marginal note: Market or industry inquiry
Marginal note: Order for oral examination, production or written return
Marginal note: Witness competent and compellable
Marginal note: Presiding officer
Marginal note: Administration of oaths
Marginal note: Application of Criminal Code — preservation demand and orders for preservation or production of data
Marginal note: Warrant for entry of premises
the judge may issue a warrant under his hand authorizing the Commissioner or any other person named in the warrant to
Marginal note: Operation of computer system
Marginal note: Presentation of or report on record or thing seized
Marginal note: Commissioner to take reasonable care
Marginal note: Claim to solicitor-client privilege (section 11)
Marginal note: Inspection of records and things
Marginal note: Counsel
21 Whenever in the opinion of the Commissioner the public interest so requires, the Commissioner may apply to the Attorney General of Canada to appoint and instruct counsel to assist in an inquiry under section 10 or 10.1, and on such an application the Attorney General of Canada may appoint and instruct counsel accordingly.
Marginal note: Discontinuance of inquiry
Marginal note: Reference to Attorney General of Canada
Marginal note: Regulations
Marginal note: Staff
25 All officers, clerks and employees required for carrying out this Act shall be appointed in accordance with the Public Service Employment Act , except that the Commissioner may, with the approval of the Governor in Council, employ such temporary, technical and special assistants as may be required to meet the special conditions that may arise in carrying out this Act.
Marginal note: Remuneration of temporary staff
Marginal note: Authority of technical or special assistants
27 Any technical or special assistant or other person employed under this Act, when so authorized or deputed by the Commissioner, has power and authority to exercise any of the powers and perform any of the duties of the Commissioner under this Act with respect to any particular inquiry, as may be directed by the Commissioner.
Marginal note: Minister may require interim report
28 The Minister may at any time require the Commissioner to submit an interim report with respect to any inquiry by him under this Act, and it is the duty of the Commissioner whenever thereunto required by the Minister to render an interim report setting out the action taken, the evidence obtained and the Commissioner’s opinion as to the effect of the evidence.
Marginal note: Confidentiality
Marginal note: Communication to Minister of Transport
Marginal note: Communication to Minister of Finance
Marginal note: Definitions
30 The definitions in this section apply in this Part.
means a treaty, convention or other international agreement to which Canada is a party that provides for mutual legal assistance in competition matters, other than a matter in respect of which the Mutual Legal Assistance in Criminal Matters Act applies. ( accord )
means conduct or matters within the meaning of the relevant agreement in respect of which mutual legal assistance may be requested in accordance with this Part. ( comportement )
[Repealed, 2014, c. 31, s. 32]
means a country other than Canada, and includes any international organization of states. ( État étranger )
Marginal note: Agreements respecting mutual legal assistance
30.01 Before Canada enters into an agreement, the Minister of Justice must be satisfied that
Marginal note: Publication in Canada Gazette
Marginal note: Requests
30.03 The Minister of Justice is responsible for dealing with a request made by a foreign state under an agreement, in accordance with the agreement and this Part.
Marginal note: Application of sections 15, 16 and 19
30.04 Sections 15, 16 and 19 apply, with any modifications that the circumstances require, in respect of a search or a seizure under this Part, except to the extent that those sections are inconsistent with this Part.
Marginal note: Approval of request for search and seizure
Marginal note: Warrant for entry of premises
Marginal note: Report
Marginal note: Sending abroad
Marginal note: Terms and conditions
30.09 No record or thing seized that has been ordered under section 30.08 to be sent to a foreign state shall be so sent until the Minister of Justice is satisfied that the foreign state has agreed to comply with any terms or conditions imposed in respect of the sending abroad of the record or thing.
Marginal note: Approval of request to obtain evidence
Marginal note: Evidence-gathering order
Marginal note: Report
Marginal note: Sending abroad
Marginal note: Terms and conditions
30.14 No record or thing that has been ordered under section 30.13 to be sent to the foreign state mentioned in subsection 30.1(1) shall be so sent until the Minister of Justice is satisfied that the foreign state has agreed to comply with any terms or conditions imposed in respect of the sending abroad of the record or thing.
Marginal note: Approval of request to obtain evidence by video link, etc.
Marginal note: Order for video link, etc.
Marginal note: Other laws to apply
Marginal note: Arrest warrant
Marginal note: Approval of loan request
Marginal note: Making of loan order
Marginal note: Variation of loan order
30.21 A court or the Tribunal may vary the terms and conditions of any loan order made by it.
Marginal note: Copy of order to custodian
30.22 A copy of a loan order and of an order varying it shall be delivered by the Commissioner to the Minister of Justice and to the person who had possession of the exhibit when the loan order was made.
Marginal note: Presumption of continuity
30.23 The burden of proving that an exhibit lent to a foreign state pursuant to a loan order made under subsection 30.2(1) and returned to Canada is not in the same condition as it was when the loan order was made or that it was tampered with after the loan order was made is on the party who makes that allegation and, in the absence of that proof, the exhibit is deemed to have been continuously in the possession of the court that made the loan order or the Tribunal, as the case may be.
Marginal note: Appeal on question of law
Marginal note: Evidence
30.25 The Minister of Justice shall, on receiving evidence sent by a foreign state in response to a request made by Canada under an agreement, send it promptly to the Commissioner.
Marginal note: Foreign records
Marginal note: Foreign things
30.27 In a proceeding in respect of which Parliament has jurisdiction, a thing and any affidavit, certificate or other statement pertaining to the thing made by a person in a foreign state as to the identity and possession of the thing from the time it was obtained until its sending to the Commissioner by the Minister of Justice in accordance with a Canadian request under an agreement, are not inadmissible in evidence by reason only that the affidavit, certificate or other statement contains hearsay or a statement of opinion.
Marginal note: Status of certificate
30.28 An affidavit, certificate or other statement mentioned in section 30.26 or 30.27 is, in the absence of evidence to the contrary, proof of the statements contained in it without proof of the signature or official character of the person appearing to have signed it.
Marginal note: Confidentiality of foreign requests and evidence
Marginal note: Records or other things already in Commissioner’s possession
Marginal note: Preservation of informal arrangements
30.3 Nothing in this Part shall be construed so as to abrogate or derogate from any arrangement or agreement, other than an agreement under this Part, in respect of cooperation between the Commissioner and a foreign authority.
Marginal note: Reduction or removal of customs duties
31 Whenever, as a result of an inquiry under this Act, a judgment of a court or a decision of the Tribunal, it appears to the satisfaction of the Governor in Council that
the Governor in Council may, by order, remove or reduce any such customs duties.
Marginal note: Powers of Federal Court where certain rights used to restrain trade
the Federal Court may make one or more of the orders referred to in subsection (2) in the circumstances described in that subsection.
Marginal note: Interim injunction
Marginal note: Prohibition orders
as the case may be, on any ground that involves a question of law or, if leave to appeal is granted by the court appealed to within twenty-one days after the judgment appealed from is pronounced or within such extended time as the court appealed to or a judge thereof for special reasons allows, on any ground that appears to that court to be a sufficient ground of appeal.
Marginal note: Court may require returns
Marginal note: Recovery of damages
may, in any court of competent jurisdiction, sue for and recover from the person who engaged in the conduct or failed to comply with the order an amount equal to the loss or damage proved to have been suffered by him, together with any additional amount that the court may allow not exceeding the full cost to him of any investigation in connection with the matter and of proceedings under this section.
whichever is the later; and
whichever is the later.
Marginal note: Conspiracies, agreements or arrangements between competitors
Marginal note: Application made under section 76, 79, 90.1 or 92
45.1 No proceedings may be commenced under subsection 45(1) or (1.1) against a person on the basis of facts that are the same or substantially the same as the facts on the basis of which an order against that person is sought by the Commissioner under section 76, 79, 90.1 or 92.
Marginal note: Foreign directives
Marginal note: Definition of
where the agreement or arrangement is not made known to the person calling for or requesting the bids or tenders at or before the time when any bid or tender is submitted or withdrawn, as the case may be, by any person who is a party to the agreement or arrangement.
Marginal note: Conspiracy relating to professional sport
is guilty of an indictable offence and liable on conviction to a fine in the discretion of the court or to imprisonment for a term not exceeding five years or to both.
Marginal note: Agreements or arrangements of federal financial institutions
and every director, officer or employee of the federal financial institution who knowingly makes such an agreement or arrangement on behalf of the federal financial institution is guilty of an indictable offence and liable to a fine not exceeding ten million dollars or to imprisonment for a term not exceeding five years or to both.
50 [Repealed, 2009, c. 2, s. 413]
51 [Repealed, 2009, c. 2, s. 413]
Marginal note: False or misleading representations
is deemed to be made to the public by and only by the person who causes the representation to be so expressed, made or contained, subject to subsection (2.1).
Marginal note: False or misleading representation — sender or subject matter information
Marginal note: Assisting foreign states
Marginal note: Definition of
Marginal note: Deceptive notice of winning a prize
Marginal note: Double ticketing
Marginal note: Definition of
Marginal note: Definition of
56 to 59 [Repealed, 1999, c. 2, s. 17]
Marginal note: Defence
60 Section 54 does not apply to a person who prints or publishes or otherwise distributes a representation or an advertisement on behalf of another person in Canada if he or she establishes that he or she obtained and recorded the name and address of that other person and accepted the representation or advertisement in good faith for printing, publishing or other distribution in the ordinary course of his or her business.
61 [Repealed, 2009, c. 2, s. 417]
Marginal note: Civil rights not affected
62 Except as otherwise provided in this Part, nothing in this Part shall be construed as depriving any person of any civil right of action.
63 [Repealed, R.S., 1985, c. 19 (2nd Supp.), s. 37]
Marginal note: Obstruction
Marginal note: Contravention of Part II provisions
Marginal note: Contravention of subsection 30.06(5)
Marginal note: Refusal after objection overruled
Marginal note: Contravention of order under Part VII.1 or VIII
66 Every person who contravenes an order made under Part VII.1, except paragraphs 74.1(1)(c) and (d), or under Part VIII, except subsection 79(3.1), is guilty of an offence and liable
Marginal note: Whistleblowing
Marginal note: Prohibition
Marginal note: Procedure for enforcing punishment
Marginal note: Venue of prosecutions
68 Notwithstanding any other Act, a prosecution for an offence under Part VI or section 66 may be brought, in addition to any place in which the prosecution may be brought by virtue of the Criminal Code ,
Marginal note: Definitions
Marginal note: Admissibility of statistics
is admissible in evidence in any proceedings before the Tribunal or in any prosecution or proceedings before a court under or pursuant to this Act.
compile from his or its records a statement of statistics relating to any industry or sector thereof, in accordance with the terms of the request, and any such statement is admissible in evidence in any proceedings before the Tribunal or in any prosecution or proceedings before a court under or pursuant to this Act.
Marginal note: Statistics collected by sampling methods
71 A collection, compilation, analysis, abstract or other record or report of statistics collected by sampling methods by or on behalf of the Commissioner or any other party to proceedings before the Tribunal, or to a prosecution or proceedings before a court under or pursuant to this Act, is admissible in evidence in that prosecution or those proceedings.
Marginal note: Notice
Marginal note: Jurisdiction of Federal Court
74 [Repealed, 1999, c. 2, s. 22]
Marginal note: Misrepresentations to public
if the form of purported warranty or guarantee or promise is materially misleading or if there is no reasonable prospect that it will be carried out.
Marginal note: False or misleading representation — sender or subject matter information
Marginal note: Assisting foreign states
Marginal note: Representation as to reasonable test and publication of testimonials
74.02 A person engages in reviewable conduct who, for the purpose of promoting, directly or indirectly, the supply or use of any product, or for the purpose of promoting, directly or indirectly, any business interest, makes a representation to the public that a test has been made as to the performance, efficacy or length of life of a product by any person, or publishes a testimonial with respect to a product, unless the person making the representation or publishing the testimonial can establish that
and the representation or testimonial accords with the representation or testimonial previously made, published or approved.
Marginal note: Representations accompanying products
is deemed to be made to the public by and only by the person who causes the representation to be so expressed, made or contained, subject to subsection (2).
Marginal note: Definition of
Marginal note: Sale above advertised price
Marginal note: Promotional contests
74.06 A person engages in reviewable conduct who, for the purpose of promoting, directly or indirectly, the supply or use of a product, or for the purpose of promoting, directly or indirectly, any business interest, conducts any contest, lottery, game of chance or skill, or mixed chance and skill, or otherwise disposes of any product or other benefit by any mode of chance, skill or mixed chance and skill whatever, where
Marginal note: Saving
Marginal note: Civil rights not affected
74.08 Except as otherwise provided in this Part, nothing in this Part shall be construed as depriving any person of a civil right of action.
Marginal note: Definition of
74.09 In sections 74.1 to 74.14 and 74.18, means the Tribunal, the Federal Court or the superior court of a province.
Marginal note: Determination of reviewable conduct and judicial order
Marginal note: Deduction from administrative monetary penalty
Marginal note: Temporary order
Marginal note: Interim injunction
Marginal note: Consent agreement
Marginal note: Failure to comply with consent agreement
Marginal note: Rescission or variation of consent agreement or order
74.13 The court may rescind or vary a consent agreement that it has registered or an order that it has made under this Part, on application by the Commissioner or the person who consented to the agreement, or the person against whom the order was made, if the court finds that
Marginal note: Evidence
74.14 In determining whether or not to make an order under this Part, the court shall not exclude from consideration any evidence by reason only that it might be evidence in respect of an offence under this Act or in respect of which another order could be made by the court under this Act.
Marginal note: Unpaid monetary penalty
74.15 The amount of an administrative monetary penalty imposed on a person under paragraph 74.1(1)(c) is a debt due to Her Majesty in right of Canada and may be recovered as such from that person in a court of competent jurisdiction.
Marginal note: Where proceedings commenced under section 52 or 52.01
74.16 No application may be made under this Part against a person on the basis of facts that are the same or substantially the same as the facts on the basis of which proceedings have been commenced against that person under section 52 or 52.01.
Marginal note: Power of courts
74.17 The rules committee of the Federal Court, or a superior court of a province, may make rules respecting the procedure for the disposition of applications by that court under this Part.
Marginal note: Appeal to Federal Court of Appeal
Marginal note: Appeal on question of fact
74.19 An appeal on a question of fact from a decision or order made under this Part may be brought only with the leave of the Federal Court of Appeal or the court of appeal of the province, as the case may be.
Marginal note: Jurisdiction of Tribunal — cases of refusal to deal
Marginal note: Price maintenance
Marginal note: Definitions
means any practice whereby a supplier of a product, as a condition of supplying the product to a customer, requires that customer to supply any product only in a defined market, or exacts a penalty of any kind from the customer if he supplies any product outside a defined market; ( limitation du marché )
with the result that competition is or is likely to be lessened substantially, the Tribunal may make an order directed to all or any of the suppliers against whom an order is sought prohibiting them from continuing to engage in that exclusive dealing or tied selling and containing any other requirement that, in its opinion, is necessary to overcome the effects thereof in the market or to restore or stimulate competition in the market.
No order made under this section applies in respect of exclusive dealing, market restriction or tied selling between or among entities that are affiliated.
Marginal note: Definition of
Marginal note: Prohibition if abuse of dominant position
Marginal note: Unpaid monetary penalty
79.1 The amount of an administrative monetary penalty imposed on a person under subsection 79(3.1) is a debt due to Her Majesty in right of Canada and may be recovered as such from that person in a court of competent jurisdiction.
Marginal note: Definition of
Marginal note: Delivered pricing
Marginal note: Foreign judgments, etc.
82 Where, on application by the Commissioner, the Tribunal finds that
the Tribunal may, by order, direct that
Marginal note: Foreign laws and directives
where the communication is for the purpose of giving effect to a law in force in a country other than Canada,
and that the decision, if implemented, would have or would be likely to have any of the effects mentioned in subparagraphs 82(b)(i) to (iv), or
the Tribunal may, by order, direct that
Marginal note: Refusal to supply by foreign supplier
84 Where, on application by the Commissioner, the Tribunal finds that a supplier outside Canada has refused to supply a product or otherwise discriminated in the supply of a product to a person in Canada (the “first” person) at the instance of and by reason of the exertion of buying power outside Canada by another person, the Tribunal may order any person in Canada (the “second” person) by whom or on whose behalf or for whose benefit the buying power was exerted
Marginal note: Definitions
85 For the purposes of this section and sections 86 to 90,
includes each separate type, size, weight and quality in which an article, within the meaning assigned by section 2, is produced; ( article )
means registered in the register maintained pursuant to section 89; ( inscrit )
means an agreement under which each party thereto agrees to discontinue producing an article or service that he is engaged in producing at the time the agreement is entered into on the condition that each other party to the agreement agrees to discontinue producing an article or service that he is engaged in producing at the time the agreement is entered into, and includes any such agreement under which the parties also agree to buy exclusively from each other the articles or services that are the subject of the agreement. ( accord de spécialisation )
Marginal note: Order directing registration
the Tribunal may, subject to subsection (4), make an order directing that the agreement be registered for a period specified in the order.
Marginal note: Registration of modifications
the Tribunal may make an order directing that the agreement or modification thereof, and any order relating thereto, be removed from the register.
Marginal note: Right of intervention
88 The attorney general of a province may intervene in any proceedings before the Tribunal under section 86 or 87 for the purpose of making representations on behalf of the province.
Marginal note: Register of specialization agreements
Marginal note: Non-application of sections 45, 77 and 90.1
90 Section 45, section 77 as it applies to exclusive dealing, and section 90.1 do not apply in respect of a specialization agreement, or any modification of such an agreement, that is registered.
Marginal note: Order
Marginal note: Definition of
91 In sections 92 to 100, means the acquisition or establishment, direct or indirect, by one or more persons, whether by purchase or lease of shares or assets, by amalgamation or by combination or otherwise, of control over or significant interest in the whole or a part of a business of a competitor, supplier, customer or other person.
Marginal note: Order
the Tribunal may, subject to sections 94 and 95,
Marginal note: Factors to be considered regarding prevention or lessening of competition
93 In determining, for the purpose of section 92, whether or not a merger or proposed merger prevents or lessens, or is likely to prevent or lessen, competition substantially, the Tribunal may have regard to the following factors:
and any effect of the merger or proposed merger on such barriers;
Marginal note: Exception
94 The Tribunal shall not make an order under section 92 in respect of
Marginal note: Exception for joint ventures
96 [Repealed, 2023, c. 31, s. 10]
Marginal note: Limitation period
97 No application may be made under section 92,
Marginal note: Where proceedings commenced under section 45, 49, 79 or 90.1
98 No application may be made under section 92 against a person on the basis of facts that are the same or substantially the same as the facts on the basis of which
Marginal note: Conditional orders directing dissolution of a merger
that will, in the opinion of the Tribunal, prevent the merger from preventing or lessening competition substantially.
the Tribunal may rescind or vary the order accordingly.
Marginal note: Interim order where no application under section 92
it may proceed with the application ex parte .
Marginal note: Right of intervention
101 The attorney general of a province may intervene in any proceedings before the Tribunal under section 92 for the purpose of making representations on behalf of the province.
Marginal note: Advance ruling certificates
Marginal note: No application under section 92
103 Where the Commissioner issues a certificate under section 102, the Commissioner shall not, if the transaction to which the certificate relates is substantially completed within one year after the certificate is issued, apply to the Tribunal under section 92 in respect of the transaction solely on the basis of information that is the same or substantially the same as the information on the basis of which the certificate was issued.
Marginal note: Leave to make application under section 75, 76, 77 or 79
Marginal note: Intervention by Commissioner
103.2 If a person granted leave under subsection 103.1(7) or (7.1) makes an application under section 75, 76, 77 or 79, the Commissioner may intervene in the proceedings.
Marginal note: Interim order
Marginal note: Interim order
104.1 [Repealed, 2009, c. 2, s. 433]
Marginal note: Consent agreement
Marginal note: Rescission or variation of consent agreement or order
Marginal note: Consent agreement — parties to a private action
Marginal note: Failure to comply with consent agreement
Marginal note: Evidence
107 In determining whether or not to make an order under this Part, the Tribunal shall not exclude from consideration any evidence by reason only that it might be evidence in respect of an offence under this Act or in respect of which another order could be made by the Tribunal under this Act.
Marginal note: Definitions
107.1 The following definitions apply in this Part:
means the Federal Court or the superior court of a province. ( tribunal )
means an action taken by a person to penalize, punish, discipline, harass or disadvantage another person because of that person’s communications with the Commissioner or because that person has cooperated, testified or assisted, or has expressed an intention to cooperate, testify or assist in an investigation or proceeding under this Act. ( représailles )
Marginal note: Prohibition orders
107.2 If, following an application by the Commissioner or a person directly and substantially affected by an alleged reprisal action, a court concludes that a person is engaging, has engaged or is likely to engage in a reprisal action, it may make an order prohibiting the person from engaging in that action.
Marginal note: Administrative Monetary Penalties
107.3 If the court makes an order against a person under section 107.2 on the basis that the person is engaging in or has engaged in a reprisal action, it may also order them to pay an administrative monetary penalty, in any manner that the court specifies, in an amount not exceeding
Marginal note: Purpose of order
107.4 The terms of an order made against a person under section 107.3 are to be determined with a view to promoting conduct by that person that is in conformity with the purposes of this Act and not with a view to punishment.
Marginal note: Aggravating or mitigating factors
107.5 Any evidence of the following shall be taken into account in determining the amount of an administrative monetary penalty under section 107.3:
Marginal note: Unpaid monetary penalty
107.6 The administrative monetary penalty imposed under section 107.3 is a debt due to His Majesty in right of Canada and may be recovered as such from that person in a court of competent jurisdiction.
Marginal note: Definitions
means a business undertaking in Canada to which employees employed in connection with the undertaking ordinarily report for work; ( entreprise en exploitation )
means an entity, an individual, a trustee, an executor, an administrator or a liquidator of the succession, an administrator of the property of others or a representative, but does not include a bare trustee or a trustee responsible exclusively for preserving and transferring the property of a person; ( personne )
means prescribed by regulations made under section 124; ( réglementaire )
means any share that carries voting rights under all circumstances or by reason of an event that has occurred and is continuing. ( actions comportant droit de vote )
Marginal note: General limit relating to parties
Marginal note: Application of Part
A × (B / C) where is the amount for the previous year, is the average of the Nominal Gross Domestic Products at market prices for the most recent four consecutive quarters, and is the average of the Nominal Gross Domestic Products at market prices for the four consecutive quarters for the comparable period in the year preceding the year used in calculating B, or
Marginal note: Acquisitions
111 The following classes of transactions are exempt from the application of this Part:
Marginal note: Combinations that are joint ventures
112 A combination is exempt from the application of this Part if
Marginal note: General exemptions
113 The following classes of transactions are exempt from the application of this Part:
Marginal note: Application of sections 114 to 123.1
113.1 If a transaction or proposed transaction is designed to avoid the application of this Part, sections 114 to 123.1 apply to the substance of the transaction or proposed transaction.
Marginal note: Notice of proposed transaction
Marginal note: Prior notice of acquisitions
Marginal note: If information cannot be supplied
Marginal note: Saving
Marginal note: Information to be certified
118 The information supplied to the Commissioner under section 114 shall be certified on oath or solemn affirmation as having been examined by one of the following individuals and as being, to the best of that individual’s knowledge and belief, correct and complete in all material respects:
Marginal note: Where transaction not completed
119 Where notice is given and information supplied in respect of a proposed transaction under section 114 but the transaction is not completed within one year thereafter or such longer period as the Commissioner may specify in any particular case, section 114 applies as if no notice were given or information supplied.
120 to 122 [Repealed, 1999, c. 2, s. 34]
Marginal note: Time when transaction may not proceed