Canada's new Forced and Child Labour in Supply Chains Act will be effective from January 2024, with reporting requirements starting on May 31, 2024. The Act mandates covered Canadian entities to release board-approved reports detailing their efforts to prevent forced labor and child labor in supply chains. It also imposes penalties for non-compliance and misleading reporting. This legislation aligns with global efforts to regulate supply chains and addresses labor rights issues. Companies doing business in Canada should prioritize supply chain due diligence to ensure compliance.
FAQ - Preparing for Canada's New Anti-Forced Labour Supply Chain Law
FAQs about Canada's New Anti-Forced Labour Supply Chain Law
What is Canada's new anti-forced labour legislation?
Canada's new anti-forced labour legislation is referred to as the Forced and Child Labour in Supply Chains Act, which is designed to address forced labour and child labour within supply chains that touch Canadian markets.
When will the new law come into effect?
The new legislation will come into effect in January 2024.
What are the key components of Canada's anti-forced labour legislation?
The act imposes reporting obligations on entities such as government institutions that produce, purchase, or distribute goods in Canada or elsewhere.
Who will be affected by this legislation?
The legislation will affect organizations that operate within the Canadian market, putting obligations on them to report on their efforts to prevent and address forced and child labour in their supply chains.
What should businesses do to prepare for the new law?
Businesses should start by assessing their supply chains for risks of forced and child labour, develop policies and procedures to mitigate these risks, and create comprehensive reports as required by the new act.
Is there guidance available for businesses to comply with the act?
Yes, sources such as JD Supra provide legal insights and intelligence that may help businesses understand the requirements of the legislation and how to comply with it.
What happens if a business does not comply with the Forced and Child Labour in Supply Chains Act?
While specific penalties or enforcement mechanisms have not been detailed in the question, such legislation typically includes fines, sanctions, or other legal consequences for non-compliance. Businesses should refer to the legislation text or seek legal advice to understand the enforcement aspects.
Where can I find more information about the new anti-forced labour law?
More information can be found on legal publication websites like JD Supra, which discuss the new legislation in detail. Lawyers and experts specialized in international trade and supply chain compliance would also be valuable resources.
Please note that while we aim to provide accurate information, businesses should consult legal experts or seek professional advice to ensure compliance with the new law as details and individual circumstances can vary widely.