Other Restrictions on Foreign Ownership

Additional restrictions on foreign ownership are placed on specific industries.

Broadcasting
The federal Broadcasting Act provides that broadcasting licences may not be issued to non-Canadians or to companies that are effectively owned or controlled, directly or indirectly, by non-Canadians.

Related Link

• Canadian Heritage review of foreign investments
  Learn more about Canada 's Broadcasting Act

Telecommunications
The federal Telecommunications Act restricts foreign ownership to 20% of the shares of a telecommunications common carrier.

Other Industries
Other industries where foreign investment is currently affected by federal or provincial regulation include

• Aviation,
• Book publishing and selling,
• Collection agencies,
• Engineering,
• Farming,
• Fisheries,
• Liquor sales,
• Mining,
• Oil and gas,
• Optometry,
• Pharmacies, and
• Securities dealers.