Following the lead of the EU and the US,the Canadian ernment has introduced legislation to implement new mandatory reporting standards for extractive (e.g.oil and mining)panies for the disclosures of payments to foreign and domestic ernments at all levels.To rce regulatory burdens,the intention is for reporting requirements to be uniform with EU and US requirements.

The Extractive Sector Transparency Measures Act would require any entity listed or with assets in Canada engaged in the mercial development of oil,gas or minerals in Canada or elsewhere to report any payments made to national,state,local and Aboriginal ernments related to those activities.Payments vered include taxes,royalties,fees,bonuses and in-kind payments such as infrastructure improvements.

Analysis here or read the legislative text here.

 中文新闻：加拿大发布石油和采矿业披露新规