Canada's government has tabled Bill C-19, proposing to implement certain provisions of the budget published in April 2022. It includes an outright ban on foreign investment in Canadian housing for the next two years, as well as the luxury tax on the sale of new luxury cars and aircraft. It also allows the government to seize and cause the forfeiture and disposal of assets held by sanctioned people and entities. The Bill also takes the first steps towards implementation of a publicly accessible beneficial ownership registry of federally incorporated corporations. At the same time, the previously announced changes to federal anti-money laundering regulations have been gazetted and are now in force with immediate effect.

News Source：【Department of Finance Canada 2022/04/28】