Program directory · Innovation, Science and Economic Development Canada
Investment Review
- Program code
- BNP14 (ISC)
- Core responsibility
- Companies, Investment and Growth
- In Departmental Plans
- 2018-19 – 2020-21 · Appeared and later dropped
What it does
The Investment Review program implements the provisions of the Investment Canada Act by ensuring that the Minister of Innovation, Science and Economic Development has the information needed to determine whether a significant foreign investment is likely to be of net benefit to Canada and/or whether there are reasonable grounds to believe that an investment could be injurious to national security. This is accomplished by developing investment policy, processing notifications filed by investors, and reviewing transactions within the scope of the Act. The program also monitors the implementation of reviewed investments to determine whether such an investment is being carried out in accordance with the application to the Minister and any representations made or undertakings given in relation to the investment. This program falls under Innovation, Science and Economic Development Canada’s Companies, Investment and Growth core responsibility and helps to ensure a fair and competitive marketplace, putting in place the right conditions for market-driven innovation and growth by establishing Canada as a location of choice for investment and growth.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2018-19. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Investment Review | This program | 2018-19 – 2022-23 | $7M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
No significant changes detected.
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≤ 70 | 2019 | 74 One review was longer than the target time. The investor consented to an extended review period. | Not met |
| 2019-20 | ≤ 70 | 2020 | 72 One review was unusually long. The investor consented to an extended review period. | Not met |
| 2020-21 | ≤ 70 | 2021 | 77 Two reviews were more complex than typical resulting in a longer review period. In addition, a number of investments were subject to enhanced scrutiny as a result of the effects of the COVID-19 pandemic on Canadian businesses. | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≤ 5 | 2019 | 5 | Met |
| 2019-20 | ≤ 5 | 2020 | 6 A higher-than usual number of filings were received with missing information, causing delays. | Not met |
| 2020-21 | ≤ 5 | 2021 | 14 For the second year in a row, a higher than usual number of filings were received including several with missing information, which caused delays. In addition, working from home during the pandemic resulted in new challenges and obstacles, when compared to previous years. | Not met |
Current: the 2026-27 plan's targets
No indicators in the 2026-27 plan.
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | $1.8M | $2.2M |
| 2019-20 | $1.9M | $2.5M |
| 2020-21 | $2.8M | $2.3M |
| 2021-22 | $2.8M* | — |
| 2022-23 | $2.8M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | 13 | 14 |
| 2019-20 | 14 | 16 |
| 2020-21 | 15 | 15 |
| 2021-22 | 15* | — |
| 2022-23 | 15* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| 2018-19 plan | $1,845,134 | $1,845,134 | $1,845,134 | ||
| 2019-20 plan | $1,863,292 | $1,863,292 | $1,863,292 | ||
| 2020-21 plan | $2,751,791 | $2,771,972 | $2,776,628 | ||
| Actual | $2,165,409 | $2,503,434 | $2,306,238 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
