Businesses (manufacturers, retailers, importers)
- If you are an “entity” (listed in Canada, or have Canadian business/assets and meet at least two of: CAD $20 million in assets, CAD $40 million in revenue, 250 employees), you must file an annual report on your policies, risks, due diligence, training, remediation, and how you assess effectiveness (definition of “entity”; s.7(2)).
- Parent companies must also report on controlled subsidiaries (Application; s.7(1)).
- You must post the report on your website and provide it to shareholders if you are a corporation (s.9).
- If information changes, you must file a revised report as soon as feasible, with the revision date and description of changes (s.8).
- The minister may set the required form and manner of reporting (s.7(4)).
- Inspectors can review documents and data on site; you must provide reasonable assistance (s.12). A warrant is required to enter a dwelling‑house (s.13).
- Non‑compliance, obstruction, or making false statements can lead to fines up to $250,000; officers and directors can be personally liable if they directed or allowed the offence (s.14, s.17, Liability of officers clause).
Federal departments and suppliers to government
- The procurement minister must ensure the risk of forced or child labour is prevented or reduced for goods and services bought for departments, and must table an annual report by October 1 (Dept. of Public Works and Government Services Act amendment).
- Suppliers may face tighter contract requirements to address these risks. Specific terms are not in the bill text. Data unavailable.