Canada's Modern Slavery Act: Guidance For Preparing The Annual Report

The Federal Government's Fighting Against Forced Labour and Child Labour in Supply Chains Act (the "Modern Slavery Act") imposes disclosure obligations on various Canadian and Canadian-linked entities.

This legal update constitutes the third installment in our series on the Modern Slavery Act. For background information, please see our prior updates from October 2022 and September 2023.

Introduction

With the coming into force of the Modern Slavery Act on January 1, 2024, many Canadian corporations are now subject to disclosure obligations in the form of annual reporting. All public Canadian companies and reporting issuers should now clearly understand the scope of the Modern Slavery Act as well as the annual reporting requirements under the legislation.