Competition Bureau announces adjustment to merger review filing fees, effective April 1, 2024

GATINEAU, QC, March 27, 2024 /CNW/ - Today, the Competition Bureau announced that the filing fee for merger reviews will increase from $82,719.12 to $86,358.76, effective April 1, 2024. The increase is a result of an annual adjustment described in the Service Fees Act.

The Competition Act requires that entities notify the Bureau if proposed mergers, acquisitions and other transactions meet certain thresholds. The Bureau reviews these notifiable transactions to determine if they are likely to substantially prevent or lessen competition. The filing fee applies to parties who are filing a pre-merger notification or requesting an Advance Ruling Certificate.

Quick Facts

• Under the Service Fees Act, the Bureau's filing fee for merger reviews is subject to an annual Consumer Price Index adjustment.

• Filing fees are used to support the Bureau's merger review mandate and to meet its service standards.

Related Products

• Competition Bureau Fees and Service Standards Policy for Mergers and Merger Related Matters

• Competition Bureau Fees and Service Standards Handbook for Mergers and Merger-Related Matters

• Procedures Guide for Notifiable Transactions and Advance Ruling Certificates Under the Competition Act

• 2024 pre-merger notification transaction-size threshold

Associated Links

• Implementation of the Service Fees Act

• Service Fees Remission Policy

• Remission Policy Program Annexes

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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

SOURCE Competition Bureau

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