Restrictions on foreign possession of Canadian media companies should be eradicated because there is no evidence that local owners have a higher likelihood of following regulations than foreign operators. However, such restrictions should not be eliminated as that would make operators fail to observe the interests of the public and democracy. There has been a rising debate regarding whether Canada should remove limitations on foreign ownership of media companies. Implementation of such changes encounters at least one critical political hindrance regarding the overflow impact onto the broadcasting industry. Canadian telecommunication companies, broadcast firms, and journalists are gradually merging and becoming single establishments (Conklin & Lecraw, 2019). For example, Rogers merged with City TV, Bell combined with CTVglobemedia, Shaw owns Canwest Global, and Quebecor acquired Sun Media, Groupe TVA, and Videotron. Foreign ownership laws restrict licensees to 20% possession (up to around 30% for holding companies). This holds for every form of broadcasting, for example, radio, TV, and distributors. Canada should form approaches such as the establishment of broadcasting guidelines and increased awareness to support the creation and broadcasting of content instead of foreign ownership limitations. Canada should eliminate limitations on foreign ownership of Canadian media firms. This is because the production of original Canadian news items and other content is more costly than allowing foreign ownership (mainly by owners from the United States) and independence. Such monetary realities, and laws that have occurred in reaction, remain in force irrespective of the nationality or origin of the owner (Globerman, 2015). Foreign-owned Canadian media companies are required to follow the country’s regulations, such as provincial laws, tax regulations, environmental decrees, monetary reporting, and other requirements. Furthermore, there is no proof that Canadian media company owners have a higher likelihood of conforming to regulations and requirements when compared to foreign operators. Restrictions on foreign ownership of Canadian media companies should be removed since companies that are independent following successful licensing cannot afford to put their license and operations at risk by infringing their terms or national interests. Studies from other developed nations such as Australia show that many countries have eradicated restrictions on foreign ownership of media companies, but the broadcasting sector still maintains local content requirements. The same case applies to European nations as Germany has eradicated foreign possession limitations but media companies uphold regional broadcasting interests (Armstrong, 2016). Moreover, Ireland and Norway do not have foreign ownership limitations, but create programming directives for every broadcast licensee while the Czech Republic has eliminated its earlier set restrictions but depends on media companies to mandate local programs. In the absence of restrictions, national interests, programming expectations, existing guidelines, and concerns for the local population, which are crucial for continued success, will guide foreign owners