Canada: Compliance

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Article
Cyber Breaches In The Canadian Power Utility Sector: Responding Effectively To A Crisis
Canadian power utilities face escalating cyber threats targeting critical infrastructure, with attackers exploiting digitized grids and operational systems. Senior leadership must navigate complex breach response protocols, from immediate containment and forensic investigation to regulatory reporting across multiple jurisdictions, while maintaining public trust through disciplined communication strategies.
Canada Technology
GW
Gowling WLG
Article
IRS 45Z Hearing Recap: What Treasury’s Questions Signal For The Final Clean Fuel Credit Rule
The IRS and Treasury held a three-day hearing on the Section 45Z Clean Fuel Production Credit, with government officials breaking from typical practice to directly question nearly 20 stakeholders on critical implementation issues. What do these questions signal about the final rule's direction, and which major policy issues remain unresolved as the agency moves toward year-end publication?
Worldwide Tax
B
Bracewell
Article
New Critical Path For Critical Minerals Deals: Canada To Implement Pre-Closing National Security Review Regime
Foreign investors in Canada's critical minerals sector will soon face a new mandatory pre-closing notification regime requiring government review before transactions can close. The regime, expected in early 2027, will significantly expand the scope of investments subject to national security reviews, including minority stakes and asset purchases. What are the key implications for deal timing, penalties, and transaction structure in this evolving regulatory landscape?
Canada Government
C
Cassels
Article
CBSA Targeting Carpets And Area Rugs?
The Canada Border Services Agency has intensified verification audits targeting carpets and area rugs, with particular focus on proper tariff classification under Chapter 57 of the Customs Tariff. Importers face significant duty assessments, mandatory self-correction obligations, and administrative monetary penalties for misclassification, even when they have historically used the same tariff codes without issue.
Canada International
MK
Millar Kreklewetz
Article
New Brunswick, Canada Introduces New Pay Transparency And Long-Term Leave Requirements
New Brunswick has enacted significant employment law reforms through Bill 24, the Pay Transparency Act, and Bill 26, which introduces long-term illness and injury leave protections. These changes will require employers to include salary ranges in job postings, prohibit compensation history inquiries, prepare annual pay transparency reports, and provide up to 27 weeks of protected leave for employees with serious illnesses or injuries.
Canada Employment
LM
Littler Mendelson
Article
Reforming Quebec’s Lobbying Regime: Overview Of The Commissioner’s Special Report And Proposed Obligations
Quebec's lobbying commissioner has proposed a comprehensive overhaul of the province's lobbying framework, shifting from a threshold-based system to one focused on "representation of interests." The proposed reforms would eliminate the controversial "significant part" requirement, impose stricter disclosure timelines, and transfer primary accountability from individual lobbyists to the organizations that benefit from lobbying activities.
Canada Government
BC
Blake, Cassels & Graydon LLP
Article
How FCAC’s Revised Complaint-Handling Guideline Raises Expectations For Banks
Canada's financial regulator has published revised complaint-handling requirements that will fundamentally reshape how banks manage consumer disputes, introducing explicit timelines, formalized notices, and expanded remediation obligations. The new framework establishes a non-pausable 56-day resolution period and requires banks to implement systematic monitoring for issues that may affect multiple consumers. With implementation required by June 2027, financial institutions face significant operational chang
Canada Commercial
MT
McCarthy Tétrault LLP
Article
Where AI Fits In The Audit Lifecycle: Reality vs Hype In AI Auditing
Artificial intelligence is reshaping audit execution by automating data analysis and improving efficiency, but it cannot replace the professional judgment, accountability, and regulatory defensibility that remain at the core of audit assurance. As organizations increasingly adopt AI tools in their audit workflows, they face new risks around model reliability, transparency, and governance that demand careful management and oversight.
Canada Accounting
PA
PKF Antares
Article
Ontario, Canada Hospitality Employment Law Update – 5 Key Compliance Considerations For 2026
Ontario's hospitality industry faces evolving employment law challenges as recent legislative changes introduce new requirements for job postings, wage practices, and uniform policies. Restaurant operators must navigate complex obligations around gratuities, scheduling, and onboarding while maintaining compliance with the Employment Standards Act and emerging workforce protection measures.
Canada Employment
LM
Littler Mendelson
Article
Customs Valuation & Related Party Pricing
The new tariff environment of 2025-2026 has elevated the importance of accurate customs declarations, particularly for related party transactions. This report examines the complex valuation rules that apply when goods are imported between related buyers and sellers, exploring the two critical tests under Canada's Customs Act and the role of transfer pricing documentation in supporting transaction values.
Canada International
MK
Millar Kreklewetz
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