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On 14 September 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations (the “Regulations”) in an effort to impose costs on the Iranian regime for gross and systemic human rights violations. These amendments list an additional six individuals under Schedule 1 of the Regulations and is the 14th set of amending regulations issued by Canada since October 2022. As of the most recent amendments, Canada has sanctioned 176 Iranian individuals and 192 Iranian entities.

Baker McKenzie is pleased to invite you to a morning breakfast symposium exploring the legal ramifications of the Artificial Intelligence (AI) revolution on 11 October 2023 at 8:00 to 10:30 am ET. This event is ideal for corporate counsel and senior leaders responsible for managing the risks and leveraging the opportunities of the AI revolution, and for those wishing to learn more. It will take place in our Toronto office.

The launch of the Canada Border Services Agency Assessment and Revenue Management (CARM) project has officially been pushed back from October 2023 to May 2024. The regulatory amendments relating to electronic communication and payment, the provision of financial security electronically, and billing cycles that are necessary to support the launch and use of CARM are still on schedule and are planned to come into force in May 2024. The purpose of CARM is to modernize the collection of duties and taxes for goods imported into Canada.

Welcome to the 2023 edition of Baker McKenzie’s Doing Business in Canada, a practical guide to the business and investment legal framework and developments in Canada. We hope that you find this guide a useful and practical resource.

Baker McKenzie’s Sanctions Blog published the alert titled  Blog Series: Sanctions Enforcement Around the World – Five Eyes Partners agree to coordinate enforcement on export controls on 11 July 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.