5. Appendix
Interpretive Notes
- Data in tables, charts and explanations for a given year refer to the fiscal year (i.e., 2010 and 2010–11 refer tothe fiscal year from April 1, 2010, to March 31, 2011; 2011 and 2011–12 refer to the fiscal year from April 1, 2011, to March 31, 2012; 2012 and 2012–13 refer to the fiscal year from April 1, 2012, to March 31, 2013).
- Acquisitions are recorded by the asset value of the Canadian business to be acquired, based on thecorporation's most recent audited financial statements, not by the purchase price.
- New business proposals are recorded on the basis of the planned amount of investment over thefirst two years.
- The actual number and value of acquisitions and new business starts by international investors may notbe wholly reflected for the following reasons:
- From time to time, two or more investors may submit applications for review to acquire the sameCanadian business. In such cases, each proposal is recorded as a separate transaction.
- Since June 1999, responsibility under the Act with respect to investments related to cultural activitieslisted in Schedule IV ofthe Regulations Respecting Investment in Canada was transferred to Canadian Heritage. Accordingly, ourstatistics since that time do not include foreign investments in Canadian businesses engaged strictly inactivities listed in Schedule IV.
- Most notifications and applications are submitted to Industry Canada at the proposal stage andprocessed promptly under the terms of the Investment Canada Act. However, for commercial or otherreasons, the investor may subsequently choose not to implement the investment or implement it ata later time.
Data Comparison with Other Statistical Sources
The principal purpose of the Investment Canada Act is the regulation of investment activity by foreigninvestors. As a consequence, Industry Canada data on the value of foreign investments for a given periodreflect operations under the Investment Canada Act. Only data on new business proposals and acquisitionsof control by foreign investors are collected. The value of "planned investment" is tabulated from newbusiness notifications and the book value of "assets acquired" from transactions requiring notification orreview. Aggregated figures are published quarterly.
Industry Canada data cannot be compared with either the foreign direct investment flows or stock figurespublished by Statistics Canada, as the data represent a portion of the value of foreign investment in Canada.For example, the value of major plant expansions by established foreign investors in Canada is not captured.