The Competition Bureau announced today that the filing fee for merger reviews has increased from $73,584 to $75,055.68 pursuant to a required annual adjustment set out in the Service Fees Act. The new filing fee comes into effect immediately.
The Competition Act requires that companies notify the Bureau if proposed mergers, acquisitions and other transactions meet certain thresholds. The Bureau reviews these notifiable transactions to determine if they are likely to substantially prevent or lessen competition. The new filing fee applies to companies filing a pre-merger notification and/or requesting an Advance Ruling Certificate.
The Service Fees Act includes an annual Consumer Price Index (CPI) adjustment to ensure that the fee keeps pace with the costs of delivering services.
The filing fee ensures that the Bureau has adequate resources to fulfill its merger review mandate and continues to meet its service standards.