Canada's Modern Slavery Bill Nears Final Approval: New Reporting Requirements Are Coming

Canada's proposed "modern slavery" legislation - the Fighting Against Forced Labour and Child Labour in Supply Chains Act ("New Act") - is currently awaiting consideration by the House of Commons Standing Committee on Foreign Affairs and International Development. Once passed, the New Act could become law as early as January 1, 2023, creating new reporting obligations for many Canadian businesses across all sectors, including many Canadian-listed public companies and potentially foreign businesses that do business in Canada. The reports will be accessible to the general public.

Please note that this post is based on the Second Reading version of the New Act. It is possible that the final form of the legislation will differ from what is described below.