The latest information and developments on regulatory law across Canada.

Canada Revenue Agency’s new mandatory disclosure rules with significant non-compliance penalties passed into law

By Dina Awad

June 28, 2023

On June 22, 2023, Bill C-47 – An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023 received royal assent, implementing the new mandatory disclosure rules. The rules require taxpayers, promoters and advisors to report certain types of transactions or series of transactions to the Canada Revenue Agency (CRA).

Read the complete article here.

This piece was originally posted on Dentons.com

Subscribe and stay updated

Receive our latest blog posts by email.

Stay in Touch

About Dina Awad

Dina Awad is a partner in the Litigation and Dispute Resolution and Regulatory practice groups, with a practice focused on environmental, infrastructure, health and safety, and public-law disputes.

All posts Full bio

Disclosure in mining

Canada: This first article examines how the Bre-X scandal led to the creation of NI 43-101, which now governs disclosure standards for the Canadian mining industry. NI 43-101 aims to protect [...]

Ontario's Data Centre Playbook: New rules for a new era of electricity demand

Data centres are the physical infrastructure behind the digital economy: every email, online transaction and artificial intelligence (AI) query depends on a warehouse-scale facility requiring a continuous, high-volume supply of [...]

CSA 2025–2026 Year in Review: What market participants need to know

The Canadian Securities Administrators (CSA) has released its Year in Review for the period July 1, 2025 to June 30, 2026, summarizing progress under its 2025-2028 Business Plan. [...]