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Investment Canada Act

Version of section 23 from 2009-03-12 to 2024-02-06:


Marginal note:Notice of right to make representations and submit undertakings

  •  (1) If the Minister is not satisfied, within the period provided for in section 21 or 22 to send the notice referred to in subsection 21(1), that an investment is likely to be of net benefit to Canada, the Minister shall send a notice to that effect to the applicant, advising the applicant of their right to make representations and submit undertakings within 30 days from the date of the notice or within any further period that may be agreed on by the applicant and the Minister.

  • Marginal note:Representations and undertakings

    (2) If, after receipt of the notice referred to in subsection (1), the applicant advises the Minister that the applicant wishes to make representations or submit undertakings, the Minister shall afford the applicant a reasonable opportunity, within the 30-day period referred to in subsection (1), or within any agreed to further period, to make representations, in person or by a representative, and to give undertakings to Her Majesty in right of Canada, as the applicant sees fit.

  • Marginal note:Net benefit

    (3) Within a reasonable time after the expiry of the period for making representations and submitting undertakings, the Minister shall, in the light of any such representations and undertakings and having regard to the matters to be taken into account under subsection 21(1), send a notice to the applicant

    • (a) that the Minister is satisfied that the investment is likely to be of net benefit to Canada; or

    • (b) confirming that the Minister is not satisfied that the investment is likely to be of net benefit to Canada.

  • R.S., 1985, c. 28 (1st Supp.), s. 23
  • 2009, c. 2, s. 452

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