Competition Bureau will host public information sessions and publish updated guidance for businesses
Important amendments to the Competition Act became law on June 23, 2022, strengthening the Competition Bureau’s ability to protect Canadian consumers, businesses and workers from anti-competitive conduct.
Notably, these amendments:
- increase maximum fines and penalties for those who break the law;
- prohibit wage-fixing and no-poach agreements between employers;
- clarify that incomplete price disclosure-drip pricing-is a deceptive marketing practice;
- allow private access to the Competition Tribunal for those impacted by abuse of dominance; and
- enable more effective enforcement in today’s digital economy.
The amendments come into effect immediately, with the exception of the changes to the criminal conspiracy provision, which increase potential fines and prohibit wage-fixing and no-poach agreements. These changes will come into effect next year on June 23, 2023. This allows businesses time to ensure they are in compliance with the law.