On May 3, 2023, the Canadian Parliament passed Bill S-211, An Act to enact the Fighting Against Forced Labour and Child Labour in Supply Chains Act and to amend the Customs Tariff (Act). The Act is expected to receive royal assent shortly and will take effect on January 1, 2024, imposing significant reporting obligations on Canadian businesses and importers.
Businesses that meet certain thresholds will be required to file detailed public reports on measures they have taken to identify, address and prevent forced labour, prison labour and child labour in their supply chains. The first report will be required to be filed on or before May 31, 2024.
WHAT ENTITIES WILL BE REQUIRED TO FILE REPORTS?
Reporting obligations will apply to any private-sector entity (defined below) that is:
Producing, selling or distributing goods in Canada or elsewhere
Importing into Canada goods produced outside Canada, or
Controlling an entity engaged in either of the above activities
An “entity” is defined as a corporation or a trust, partnership or other unincorporated organization that:
Is listed on a stock exchange in Canada
Has a place of business in Canada, does business in Canada or has assets in Canada and, based on its consolidated financial statements, has met at least two of the following three conditions in at least one of its last two financial years:
Had at least C$20-million in assets
Generated at least C$40-million in revenue
Employed an average of at least 250...
You don't have permission to access "http://www.fox61.com/article/news/national/connecticut-medicaid-program-to-get-936k-from-abbott-laboratories-settlement/520-c1943418-e32f-49cb-b1ad-1ce24170279...