2022 Adjustment to filing fees for Competition Bureau merger reviews will come into effect on April 1
March 25, 2022 – GATINEAU, QC – Competition Bureau
The Competition Bureau announced today that the filing fee for merger reviews is set to increase from $74,905.57 to $77,452.36 pursuant to a required annual adjustment set out in the Service Fees Act. The new filing fee comes into effect April 1, 2022.
The Competition Act requires that entities notify the Bureau of proposed mergers, acquisitions and other transactions that 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).
Under the Service Fees Act, the Bureau’s filing fee for merger reviews is subject to an annual Consumer Price Index adjustment.
On April 1, 2021, Innovation, Science and Economic Development Canada’s new Remission Policy, which applies to filing fees for pre-merger notifications and/or ARC requests, came into effect.
The Remission Policy’s Program Annexes set out how the principles and requirements of the policy apply to Bureau merger reviews.
- Competition Bureau Fees and Service Standards Policy for Mergers and Merger Related Matters
- Competition Bureau Fees and Service Standards Handbook for Mergers and Merger-Related Matters
- Procedures Guide for Notifiable Transactions and Advance Ruling Certificates Under the Competition Act
- 2022 pre-merger notification transaction-size threshold
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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.
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