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Investment Canada Act

Version of section 21 from 2003-01-01 to 2009-03-11:


Marginal note:Net benefit

  •  (1) Subject to sections 22 and 23, the Minister shall, within forty-five days after the certified date referred to in subsection 18(1), send a notice to the applicant that the Minister, having taken into account any information, undertakings and representations referred to the Minister by the Director pursuant to section 19 and the relevant factors set out in section 20, is satisfied that the investment is likely to be of net benefit to Canada.

  • Marginal note:Where Minister deemed to be satisfied

    (2) Subject to sections 22 and 23, where the Minister does not send a notice under subsection (1) within the forty-five day period referred to in that subsection, the Minister is deemed to be satisfied that the investment is likely to be of net benefit to Canada and shall send a notice to that effect to the applicant.

  • R.S., 1985, c. 28 (1st Supp.), s. 21
  • 1995, c. 1, s. 50
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