A new Transparency International report highlights that Canada’s real estate data is opaque and difficult to access.
CANADA EDGES UP IN LIST OF LEAST CORRUPT NATIONS – BUT STILL NOT BACK IN TOP TEN TIER
For Canadians there is good news and bad news in today’s release of Transparency International’s 2023 Corruption Perceptions Index (CPI).
The good news: Canada has moved up to 76 points and 12th place after scoring 74 points and ranking 14th last year.
The bad news: We have still not returned to the top ten least corrupt list that Canada consistently ranked in prior to 2019.
OTTAWA: Today, Bill C-42 successfully received Royal Assent, paving the way for Canada to have a publicly accessible registry that lists the ultimate beneficial owners of companies. Earlier last month, Senate members heard from the ‘End Snow-washing’ Coalition: Publish What You Pay Canada, Transparency International Canada, and Canadians For Tax Fairness who provided a strong endorsement for the legislation and urged members to ensure it gets through Canada’s Senate without delay. Yesterday, the bill successfully passed all stages of reading in Canada’s Parliament and today it received Royal Assent.
Transparency International Canada (TI Canada) continues to identify the inadequate level of enforcement for corruption offences as the greatest barrier to combatting corruption in Canada. The Organization for Economic Cooperation and Development (OECD) signalled its agreement with this in its Phase IV report on Canada’s implementation of the Anti-Bribery Convention, calling enforcement “exceedingly low”. Almost 25 years after the adoption of the Corruption of Foreign Public Officials Act (CFPOA), Canada’s criminal law prohibiting foreign bribery, charges have been laid in only nine cases – a paltry number especially considering the size and dominant industry sector of Canada’s economy.