Cultural Sector Investment Review

Amendments have been brought to the Investment Canada Regulations and they are now into force. For more details on these changes, please consult the Regulations Amending the Investment Canada Regulations.

Please note that as the revised regulations prescribe the collection of additional information, new forms are available below.

Please note that the current thresholds for the review of investments in the cultural sector and the method for calculating those thresholds ($5M in asset value for direct acquisitions and $50M in asset value for indirect acquisitions) are not affected by the changes to the Investment Canada Regulations.

Authority for the review and approval of foreign investments related to cultural industries was transferred to the Minister of Canadian Heritage from the Minister of Industry in June 1999. Proposed new investments that could result in ownership and control of Canadian cultural businesses by foreign investors are the responsibility of Canadian Heritage under the Investment Canada Act and related regulations and guidelines. Such businesses include those involved in the publication, distribution or sale of books, magazines, periodicals, newspapers or music in print or machine readable form. Also covered are those involved in the production, distribution, sale or exhibition of film or video products or audio or video music recordings.

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