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ARTICLE · 05 DECEMBER 2024

Canada's Modern Slavery Act: Key Items And Insights For 2025 Reporting

Wildeboer Dellelce LLP
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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.

CanadaGovernment, Public Sector
Peter Volk
Peter Volk
Alex Karlsen
Alex Karlsen

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 fourth installment in our series on the Modern Slavery Act. For background information, please see our prior updates from October 2022, September 2023 and January 2024.

Background

The Modern Slavery Act, which came into force on January 1, 2024, requires entities that: (i) are listed on a Canadian stock exchange; (ii) have a place of business, do business or hold assets in Canada; and (iii) meet certain thresholds, as set out in our prior update from September 2023 (the "Obligated Entities"), to report by May 31st of each year on their efforts to identify, prevent and mitigate risks of forced labour or child labour in their operations and supply chains. Failure to do so may result in substantial penalties, including fines of

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