The Competition Bureau announced today that the filing fee for merger reviews is set to increase from $77,452.36 to $82,719.12 as a result of an annual adjustment set out in the Service Fees Act. The new filing fee comes into effect April 1, 2023.
The Competition Act requires that entities 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 filing fee applies to entities filing a pre-merger notification and/or requesting an Advance Ruling Certificate (ARC).
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