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ARTICLE · 13 MAY 2022

Canada's Federal Budget 2022 And Canadian Sanctions Implications

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The Budget sets the fundamental groundwork of the Federal Government's goals for national economic development.

CanadaInternational Law
Sabrina Bandali
Sabrina Bandali
Jessica Horwitz
Jessica Horwitz
Andrei Mesesan
Andrei Mesesan
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As explained in our recent insight on the 2022 Canadian Federal Budget, on April 7, 2022, the Federal Government of Canada released Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable.  The Budget sets the fundamental groundwork of the Federal Government's goals for national economic development, promising continued investment in economic growth and innovation in Canada. Among the changes introduced in Bill C-19, titled the Budget Implementation Act, 2022, No. 1  (Budget Implementation Act, 2022), are significant amendments to the Special Economic Measures Act  and  the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law)  as well as corresponding changes to the Seized Property Management Act. If enacted, the legislation would introduce a host of changes, including notably:

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