In brief The Government of Canada has published the 2025 financial thresholds for pre-closing, “net benefit” review and approval of foreign investment under the Investment Canada Act (“ICA”). The ICA financial thresholds are reviewed annually and have once again increased. Notably, the financial threshold for trade agreement investors that are not state-owned enterprises (“SOE”) has exceeded CAD 2 billion for the first time. Failure to notify and obtain approval for an investment may result in…