TABLE OF CONTENTS

1. INTRODUCTION

2. THE CANADIAN SYSTEM OF GOVERNMENT

3. FOREIGN INVESTMENT REGULATION

3.1 Notification and "Net Benefit in Canada" Review
3.2 Applicable Thresholds for a "Net Benefit to Canada" Review
3.3. The Application Process
3.4 The "Net Benefit" Factors
3.5 The "National Security" Review
3.6 The National Security Review Process
3.7 Corporate Ownership Restrictions
3.8 Directors' Residency Requirements

4. BUSINESS FORMATION

4.1 Proprietorships
4.2 Partnerships
4.3 Corporations
4.4 Branch or Canadian Incorporation
4.5 Federal or Provincial Corporation
4.6 Public and Closely-held or Private Corporations
4.7 Alberta, British Columbia and Nova Scotia Unlimited Liability Companies
4.8 Capital Structure
4.9 Limited Partnerships
4.10 Joint Ventures
4.11 Residency of Directors
4.12 Corporate and Trade Names

5. FINANCING CANADIAN OPERATIONS

5.1 External Financing
5.2 Government Assistance Programs

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