In a share purchase, what must be filed if applicable when a non-Canadian invests?

In a share purchase involving a non-Canadian investor, the requirement to file a Notice of Investment is essential for compliance with Canadian regulations. This notice serves as a formal declaration to the relevant authorities that a foreign entity is making an investment in a Canadian business. The purpose of this filing is to assist in monitoring foreign investments to ensure they align with Canadian interests and regulations governing foreign ownership.

This requirement is particularly significant in sectors that may have restrictions on foreign ownership or that are deemed sensitive from a national security standpoint. By submitting the Notice of Investment, the non-Canadian investor not only fulfills their legal obligation but also ensures that the investment process adheres to the legal framework established by Canadian law.

Other filings, such as an Application for Foreign Investment or Disclosure of Financial Statements, may also be relevant in specific contexts but are not universally required for all non-Canadian investments as is the case with the Notice of Investment. A Shareholder Consent Form typically pertains to internal corporate governance matters and does not directly relate to the investment notification process required of foreign entities.