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The Fighting Against Forced Labour and Child Labour in the Supply Chains Act (the act) will implement Canada’s international commitment to contribute to the fight against forced and child labour through new reporting obligations on certain entities.
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The purpose of the act is to implement Canada’s international commitment to contribute to the fight against forced labour and child labour through new reporting obligations on certain entities and government organization. Organizations that are subject to the act will have to report on the measures taken to prevent and reduce the risk that forced labour or child labour is used, including in their supply chains. The act also provides for an inspection regime and gives the Minister of Public Safety and Emergency Preparedness the power to require an entity to provide certain information. The act comes into force January 1, 2024, and entities that are subject to it will have to file their first annual report on or before May 31, 2024. Given that the act will result in new reporting obligations for certain entities, as well as expose them to a variety of examination activities, it is important for companies, their boards and advisors to understand the new obligations and the consequences for failure to comply.
This event has multiple dates and locations. See event details for more information.
Tune into this two-part webinar to learn about the rapidly evolving sustainability landscape. Hear about recent developments in sustainability reporting and assurance standards and regulatory requirements, and the implications and opportunities for CPAs.
October 17, 2023
If you work for a public sector body in accounting, finance or leadership, this is the event for you. Learn how to successfully navigate the unique challenges facing every level of government.
October 23, 2023
Learn about critical policy issues, legislation updates and other technical trends at Canada’s largest and longest-running indirect tax event. For 2023, we are offering options for in-person and virtual attendance.