Notifiable Transactions Regulations (SOR/87-348)

Regulations are current to 2014-09-01 and last amended on 2010-02-02. Previous Versions

 Subject to section 12, for the purposes of sections 109 and 110 of the Act, the aggregate value of assets of a person shall be determined as of the last day of the period covered by the most recent audited financial statements in which those assets are accounted for, where that day is not more than 15 months prior to the reference date.

  • SOR/2010-22, s. 11.

 Subject to section 13, for the purposes of sections 109 and 110 of the Act, gross revenues from sales of a person shall be determined for the annual period ended on the last day, which day is not more than 15 months prior to the reference date, of the period

  • (a) covered by the most recent audited financial statements in which those gross revenues are accounted for; and

  • (b) in the case where the period covered by the financial statements referred to in paragraph (a) is less than 12 months, covered by those financial statements and by audited financial statements in which the gross revenues are accounted for, covering the balance of the 12-month period.

  • SOR/2010-22, s. 11.

PROVISIONS WITH RESPECT TO PARTIES TO THE TRANSACTION

  •  (1) For the purposes of paragraph 109(1)(a) of the Act, the aggregate value of assets in Canada of the parties to a transaction, together with their affiliates, shall be determined by aggregating the aggregate values of the assets in Canada of each of the parties and each affiliate.

  • (2) For each party or affiliate referred to in subsection (1), the aggregate value of its assets in Canada shall equal the aggregate amount of those assets as stated in the audited financial statements referred to in section 6.

  • SOR/2010-22, s. 11.
  •  (1) For the purposes of paragraph 109(1)(b) of the Act, gross revenues from sales in, from or into Canada of the parties to a transaction, together with their affiliates, shall be determined by aggregating the gross revenues from sales in, from or into Canada of each of the parties and each affiliate.

  • (2) For each party or affiliate referred to in subsection (1), the gross revenues from sales in, from or into Canada shall equal the aggregate amount of those gross revenues as stated in the audited financial statements referred to in section 7.

  • SOR/2010-22, s. 11.

PROVISIONS WITH RESPECT TO PARTIES TO AN AMALGAMATION

  •  (1) For the purpose of subsection 110(4.1) of the Act, the aggregate value of assets in Canada of an amalgamating corporation, together with its affiliates, shall be determined by aggregating the aggregate values of the assets in Canada of the corporation and each affiliate.

  • (2) For the amalgamating corporation and each affiliate, the aggregate value of its assets in Canada shall equal the aggregate amount of those assets as stated in the audited financial statements referred to in section 6.

  • SOR/2010-22, s. 2.