The Securities Act, c. V-1.1, contains a number of provisions aimed at protection investors and the general public.
The Bankruptcy and Insolvency Act (BIA) provides for several different situations for which a bankrupt can be discharged from his or her bankruptcy, the basic principle being that after a certain period of time, the bankrupt earns the right to be discharged from his legal obligations to pay his debts and resume normal life. There are exceptions and variables to this principle.
Revenu Québec and the Sureté du Québec are extremely active in the fight against contraband tobacco. This is due to the fact that the illegal tobacco sold on the native reserves is far cheaper than legal tobacco thus creating a strong temptation to resupply on the reserves.
In order to address the issue of offshore tax evasion, the Canadian federal government signed an automatic exchange of tax information agreement (AEOI) with the Swiss government. This agreement will see the two countries automatically share bank account/financial account information with each other. The target bank accounts are those held by residents of the other country. The purpose is to help the Canadian government detect and address cases of tax evasion and to ensure compliance with Canadian tax laws.