Foreign ownership of companies of Canada information
Foreign ownership of companies of Canada pertains to the majority-ownership of Canadian-based assets (including businesses and subsidiaries) by non-Canadian individuals or companies, as well as to companies that are effectively owned or controlled, directly or indirectly, by non-Canadians. "Non-Canadian," for all intents and purposes, refers to entities based outside Canada and to those who are not Canadian citizens or qualified permanent residents.[1]
Foreign ownership (or 'foreign affiliates') of Canadian companies has long been a controversial political issue in Canada. Concerns regarding the issue generally regard ownership of previously 'Canadian' assets by foreign entities, though the exact definition of 'foreign-owned' is subject of debate.[citation needed]
Foreign majority-owned affiliates contribute significantly to the economy of Canada. In 2016, foreign affiliates accounted for 14% of Canada's gross domestic product and employed 12% of workers.[2]
^"Guide to Doing Business in Canada: Regulation of Foreign Investment". Ottawa, Ontario: Gowling WLG. 21 October 2022.
^Government of Canada, Statistics Canada (2019-06-25). "The Daily — Study: Foreign-owned Affiliates in Canada: Trends across Major Sectors". www150.statcan.gc.ca. Retrieved 2021-11-14.
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