An Act to amend the Competition Act and the Competition Tribunal Act
Sponsor: Jagmeet Singh, Member of Parliament (Burnaby South)
Proposed changes
This enactment amends the Competition Act to increase penalties for certain anti-competitive acts. It also changes aspects of the review of mergers, including how gains in efficiency and market concentration are taken into account. In addition, it requires the Competition Tribunal to make an order dissolving a completed merger or prohibiting the merger from proceeding if the merger would result in excessive combined market share.
The limitation period for the review of mergers is increased from one year to three years. Finally, it amends the Competition Tribunal Act to remove the Tribunal’s ability to award costs against the Crown.