Back to the Learning Academy.

What the amendments of Bill C-59 mean for Canadian companies

July 12, 2024
TMX Group & Carbonhound
ESG, Disclosure, Governance, Investor Relations

Canada's Bill C-59 received royal assent on June 20th, 2024 and officially became a law. The amendments to Canada's Competition Act will require businesses to provide evidence supporting any environmental claims. Private enforcement will be allowed, without needing to prove personal loss or damages. Failure to comply with the new requirements can result in monetary penalties up to $10 million, or three times the benefit obtained from the claim, or 3% of the company's annual global gross revenue.

Click here for more information, as well as a preparedness checklist created by Carbonhound.

Related Articles

January 16, 2026
TMX Group

TSX & TSXV 2025 Year in Review

This year was defined by global trade uncertainty, creating challenging investment conditions for companies and investors. Navigating these dynamics required both resilience and innovative approaches to deploying capital.

November 10, 2025
Business Future Pathways

New survey launches to get company’s views on climate transition plans

TMX is partnering with Business Future Pathways (BFP) to accelerate the voluntary adoption of climate transition plans by businesses in Canada with the goal of creating opportunities to attract capital and remaining globally competitive.

TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not for trading purposes), and is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The views, opinions and advice of any third party reflect those of the individual authors and are not endorsed by TMX Group Limited or its affiliates. TMX Group Limited and its affiliates have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for such information.

Copyright © 2026 TSX Inc. All rights reserved.