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2015/2016 CANADIAN COMPETITION ACT AND INVESTMENT CANADA ACT FILING CHECKLIST* Prepared by the McMillan LLP Competition Group COMPETITION ACT Notifiable Transactions1 Transactions Threshold Target

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How to fill out competition act - mcmillan

How to fill out competition act - McMillan:

01

Familiarize Yourself with the Act: Begin by reading through the Competition Act - McMillan thoroughly to understand its purpose, provisions, and requirements.

02

Identify the Relevant Sections: Determine which sections of the act are applicable to your specific situation. The act covers various aspects of competition, such as anti-competitive agreements, abuse of dominant position, mergers, and more.

03

Gather Necessary Information: Collect all the information and supporting documents required to complete the form accurately. This may include financial statements, market research data, contracts, and any other relevant information.

04

Complete the Form: Fill out the competition act form with the required details. Ensure that you provide accurate and truthful information as misrepresentation can lead to legal consequences.

05

Seek Legal Assistance if Needed: If you find the competition act complex or have difficulty understanding certain provisions, consider seeking legal advice from a qualified professional familiar with competition law to ensure full compliance.

Who needs competition act - McMillan:

01

Businesses: Any business operating in a competitive market, regardless of its size, may need to comply with the competition act. It applies to various sectors, including manufacturing, services, retail, and more.

02

Executives and Managers: Individuals in executive or managerial positions within organizations should be familiar with the competition act as they may be held personally liable for any contraventions committed by their companies.

03

Legal and Compliance Professionals: Lawyers, legal advisors, and compliance officers play a crucial role in guiding businesses on complying with the competition act. They provide expertise and assist in ensuring adherence to the law.

04

Consumers and Competitors: Consumers benefit from the competition act as it promotes fair market competition, discourages anti-competitive practices that could increase prices, and encourages innovation. Competitors can take legal action against companies engaging in anti-competitive behavior to maintain a level playing field.

Overall, anyone involved in the business world, whether as a business owner, executive, legal professional, or consumer, should be aware of and understand the competition act - McMillan's provisions to ensure fair competition and avoid any legal repercussions.

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What is competition act - mcmillan?

The Competition Act is a Canadian federal legislation that promotes competition in the marketplace and prohibits anti-competitive practices.

Who is required to file competition act - mcmillan?

Certain businesses, such as those involved in mergers or acquisitions that meet specific financial thresholds, are required to file notifications under the Competition Act.

How to fill out competition act - mcmillan?

To fill out the Competition Act forms, businesses must provide information about the transaction, their financial details, and any potential anti-competitive effects.

What is the purpose of competition act - mcmillan?

The purpose of the Competition Act is to ensure that competition is not unduly restricted in Canada, and to protect consumers from anti-competitive practices.

What information must be reported on competition act - mcmillan?

Businesses must report information about the transaction, financial details, market share, competitors, and any potential anti-competitive effects.

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