In order to maximize Canada’s efforts to attract global investments, and the jobs that accompany
those investments, IiC was established as a new federal entity in March 2018. Prior to its creation,
investment attraction in Canada was seen to be hampered by a lack of coordination across
various federal, provincial, and municipal promotion agencies, as well as the multiplicity of
programs and rules. According to its enabling legislation, the Invest in Canada Act, IiC’s mandate,
for the purpose of supporting economic prosperity and stimulating innovation in Canada, is to:
(a) promote foreign direct investment (“FDI”) in Canada and attract and facilitate that
investment; and
(b) coordinate the efforts of the government, the private sector, and other stakeholders with
respect to FDI in Canada.
In carrying out its mandate, IiC is tasked to develop and implement Canada’s Investment
Attraction Strategy to attract FDI to Canada. To fulfil this objective, IiC is seeking the services of
an experienced and qualified firm to assist in the development of this strategy.
The participation and collaboration of other federal government departments, as well as provincial
and municipal partners, are key to developing a comprehensive strategy that reflects a
coordinated approach to FDI attraction.
