Home
About Us
Canada's new anti-sex slavery law is set to take effect in May 2024, and it's already having an impact on the country's financial industry.
Specifically, hedge fund managers will be required to report to Canada's minister of public safety on their companies' efforts to combat forced labor and child labor in their supply chains, the Globe and Mail reports.
The law was passed in January and applies to companies that import goods into Canada or sell them in Canada, or have a business presence in Canada.
It's not clear how many fund managers will be affected, but the Globe and Mail notes that "it is unlikely that many managers will have control over an entity, though hedge fund managers might."
The law applies to companies with at least $20 million in assets, those that have generated at least $40 million in revenue over the past two years, and those that control or have control over an entity that sells, produces, distributes, or imports goods into Canada.
It's not clear how the law will be applied to companies that don't control or have control over an entity, but the minister of public safety recently clarified that the law is not meant to capture "very minor dealings."
The Globe and Mail has a guide to the law
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Musk Foundation steps in to fill a critical funding gap after federal support unexpectedly fell through earlier this year.The exact amount of the donation has not yet been disclosed, but sources...more
The Keweenaw Community Foundation launched the KEWeenaw Heartland Forest Fund Friday evening.The fund was established to support local management, sustainable access, and long-term care of...more
The initiative saw ZTE donate essential supplies and digital connectivity solutions worth 1 million THB to a Public charity organization, Baan Nokkamin Foundation.This foundation provides foster...more
Akeroyd serves as CIO of Lee Health, a role he assumed in June 2025 after nearly a decade with Children's Health in Dallas.Baker oversees IT, health information management, medical informatics,...more
We provide five core services: Advocacy, Independent Living Skills Training, Peer Support, Information and Referral, and Transition.Early intervention starts at birth and goes to age 3, with...more
The passing of my father was a transformative moment for me.This perspective shift is why I now dedicate much of my energy to youth programs and community development.I've leaned heavily on...more
Janet was joined by the CFNSV's executive director, Nancy Baker, and Erik Beatley, the board chair.They shed light on the foundation's crucial role in the community and their efforts to bolster local...more
OpenAI should continue to be controlled by a nonprofit.The artificial intelligence technology it is developing is "too consequential" to be governed by a corporation alone.The recommendations are not...more
Foundation: Arizona Community Foundation
Arizona Community Foundation of Yavapai County has surpassed $100 million in assets under management.The milestone reflects the deep trust the community places in the community foundation.ACF is...more
The ISWA (International Solid Waste Association) World Congress is the most relevant international meeting on solid waste management.The Congress will provide space for public policies and...more
Nonprofit Management News from...
Arizona Community Foundation
Changemakers
Community Foundations of the Hudson Valley
Headwaters Foundation for Justice
MacArthur Foundation
Marguerite Casey Foundation
San Francisco Foundation
Hewlett Foundation
Zellerbach Family Foundation
Knight Foundation
Public Welfare Foundation
Surdna Foundation
McKnight Foundation
Skillman Foundation
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
