Competition Act Merger Filing Fees Increases to $72,000

Effective May 1, 2018, merging parties will need to dig deeper to cover the fee that must be paid when filing a pre-merger notification or seeking an advance ruling certificate under the Competition Act. The fee is jumping from $50,000 to $72,000. In justifying the increase, the Competition Bureau argues that the fee has not increased since 2003, and had the fee been adjusted annual for inflation, it would currently be approximately $65,500. They also suggested that additional funds are required given the increase in the number of transactions considered “complex” and the considerable resources that are required to evaluate those matters. Additional details of their proposal were described in a previous post and the Bureau’s announcement of the new fees can be found here. Proposed transactions that meet certain thresholds must be notified to the Bureau in advance of closing and cannot be completed until the expiry of the waiting period under the Competition…

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