Fighting Against Forced Labour & Child Labour In Supply Chains Act

As of May 31^st, 2024, certain private sector entities will be required to submit their first questionnaire and their first annual report under the federal Fighting Against Forced Labour and Child Labour in Supply Chains Act (more commonly referred to as Canada's Modern Slavery Act) (the "Act"). The Act, which applies to both government institutions and certain private sector entities, is Canada's commitment to contribute to the fight against forced labour and child labour through the implementation of reporting obligations.

The Act, which came into effect on January 1^st, 2024, brings with it reporting obligations based on certain prescribed thresholds related to an entities assets, revenue and employees. Failure to comply with the reporting obligations under the Act can result in fines and liability for directors and officers.