Statistics Canada, a member of the Industry Portfolio, produces statistics that help Canadians better understand their country—its population, resources, economy, society and culture.
Under the Statistics Act, the Agency is required to "collect, compile, analyse, abstract and publish statistical information relating to the commercial, industrial, financial, social, economic and general activities and conditions of the people of Canada.” Statistics Canada conducts the Census of Population and the Census of Agriculture and about 350 surveys on virtually all aspects of Canadian life.
In addition to the Statistics Act, the Chief Statistician of Canada under the authority of the Minister of Industry administers the Corporations Returns Act.The purpose of the Corporations Returns Act is to collect financial and ownership information on corporations conducting business in Canada and to use this information to evaluate the extent and effect of non-resident control of the Canadian corporate economy. The Corporations Returns Act requires that an annual report be submitted to Parliament summarizing the extent to which foreign control is prevalent in Canada.
Statistics Canada is responsible for only one regulation: the Corporations Returns Regulations. These regulations outline the reporting requirements and the various reporting thresholds for the Corporations Returns Act.
For more information
- The Cabinet Directive on Regulatory Management
- The Red Tape Reduction Action Plan
- The Canada–United States Regulatory Cooperation Council