Information Technology
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November 20, 2023
OSFI opens consultations on disclosure of crypto-asset exposures
The Office of the Superintendent of Financial Institutions (OSFI) has launched a consultation on the public disclosure of crypto-asset exposures by federally regulated financial institutions in Canada, as announced in Budget 2023.
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November 13, 2023
Canada and others aim to implement OECD’s ‘crypto-asset reporting framework’ by 2027
In an effort to stymie the use of crypto-assets to evade taxes in their jurisdictions, Canada and dozens of other countries have signed a formal statement announcing they “intend to work towards swiftly transposing” the international “Crypto-Asset Reporting Framework” (CARF) into their domestic laws and activate automatic information-exchange agreements by 2027.
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November 03, 2023
Canada hosts annual cyber challenge to combat blockchain technology related tax fraud
The Joint Chiefs of Global Tax Enforcement (J5) Cyber Challenge was held from Oct. 30 to Nov. 3 to track down individuals and organizations perpetrating tax crimes around the world. This was the fifth iteration of the challenge which focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.
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November 02, 2023
Civil liberties groups express fundamental rights concerns over proposed AI legislation
A coalition of civil society organizations including the Canadian Civil Liberties Association (CCLA) held a conference on Nov. 2 concerning Bill C-27, otherwise known as the Digital Charter Implementation Act. They stated that many of their concerns related to artificial intelligence (AI), including those of privacy and fundamental rights, were not captured by recent proposals and amendments to the bill.
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October 30, 2023
Feds ban WeChat, Kaspersky suite of applications on government-issued mobile devices for ‘security’
The federal government has announced a “ban on the use of the WeChat and Kaspersky suite of applications on government-issued mobile devices.”
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October 26, 2023
PM’s pick of CJ Moreau for top court means SCC poised to have a female majority for the first time
The Supreme Court of Canada could soon have a majority of women judges for the first time since its creation in 1875, following the historic nomination of Alberta Court of King’s Bench Chief Justice Mary Moreau to fill the top court’s Western/Northern seat vacated last June by Justice Russell Brown.
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October 20, 2023
Privacy commissioner discusses proposals before Parliament to ‘modernize’ federal privacy law
On Oct. 19, privacy commissioner Philippe Dufresne appeared before Parliament to discuss ways to improve and strengthen Bill C-27, the Digital Charter Implementation Act, to “modernize the federal private sector privacy law.” Bill C-27 would enact the Consumer Privacy Protection Act, the Personal Information and Data Protection Tribunal Act and the Artificial Intelligence and Data Act.
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October 17, 2023
Parliamentary Budget Officer: Digital Services Tax to generate $7.2B over five years
The implementation of a tax on digital services revenue generated by large businesses will boost federal government receipts by an estimated $7.23 billion over five years, according to a costing note released by the Office of the Parliamentary Budget Officer.
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October 16, 2023
AI, digitization of courts to be discussed at Ontario A2J Week
Exploring the pros and cons of AI, keeping up with the digital transformation of the courts and examining how trans and two-spirited people view the legal sector will be hot topics at the Law Society of Ontario’s Access to Justice Week 2023.
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October 12, 2023
Feds launch consultation on ‘implications’ of generative AI for copyright framework
The minister of innovation, science and industry and the minister of Canadian heritage have launched a consultation to “gather Canadians’ thoughts on generative AI tools and the implications for copyright holders to give consent and receive credit and compensation for the use of their works.”