Investment Canada Act

Marginal note:Receipt

• 13 (1) Where a notice given under section 12 provides all the required information or reasons for the inability to provide any part of the required information, or where the notice is completed pursuant to subsection (2), the Director shall forthwith send a receipt to the non-Canadian that gave the notice

  • (a) certifying the date on which

    • (i) the complete notice given under section 12 was received by the Director, or

    • (ii) the information required to complete the notice was received by the Director pursuant to subsection (2); and

  • (b) advising the non-Canadian that

    • (i) the investment is not reviewable under Part IV, or

    • (ii) unless the Director sends the non-Canadian a notice for review under section 15 within 45 days after the certified date referred to in paragraph (a) or within the prescribed period, the investment is not reviewable under Part IV.

• Marginal note:Incomplete notice

  (2) Where a notice given under section 12 is incomplete, the Director shall forthwith send a notice to the non-Canadian that gave the notice under that section, specifying the information required to complete the notice under section 12 and requesting that the information be provided to the Director in order to complete that notice.

• Marginal note:Where investment not reviewable

  (3) An investment in respect of which a receipt is sent under subsection (1) is not reviewable under Part IV if

  • (a) the information provided by the non-Canadian and relied on by the Director in sending the receipt is accurate; and

  • (b) in a case where the receipt contains the advice referred to in subparagraph (1)(b)(ii), no notice for review is sent to the non-Canadian pursuant to section 15 within 45 days after the certified date referred to in paragraph (1)(a) or within the prescribed period.