2019 adjustment to filing fees for Competition Bureau merger reviews comes into effect
April 1, 2019 – OTTAWA, ON – Competition Bureau
The Competition Bureau announced today that the filing fee for merger reviews has increased from $72,000 to $73,584. The new filing fee comes into effect immediately.
The filing fee is subject to an annual Consumer Price Index (CPI) adjustment pursuant to the Service Fees Act. The CPI adjustment allows the fee to keep pace with increasing costs of delivering services.
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.
In 2017, the Government of Canada introduced the Service Fees Act to replace the User Fees Act and to increase the transparency, accountability and predictability of fees for services charged by government departments and agencies.
On May 1, 2018, the merger filing fee was updated for the first time since 2003 in accordance with the Service Fees Act.
The filing fee ensures that the Bureau has adequate resources to fulfill its merger review mandate and continues to meet its service standards.
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