This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment provides for an ongoing analysis of the incidence of terrorist activity, support of terrorism, incitement to hatred, and human rights violations, emanating from Iran, the identification of Iranian officials who are responsible for such activities and the strengthening of Canada’s non-nuclear sanctions regime against Iran by
(a) requiring the Minister of Foreign Affairs to publish an annual report on Iran-sponsored terrorism, incitement to hatred, and human rights violations that includes a description of measures taken by the Government of Canada to address those activities;
(b) providing that the Special Economic Measures (Iran) Regulations apply in respect of the following, as if they were persons whose names are listed in Schedule 1 of those regulations:
(i) the Execution of Imam Khomenei’s Order (EIKO),
(ii) Iranian officials named in the annual report as being persons the Minister believes to be responsible for terrorist activity, support of terrorism, incitement to hatred, or serious human rights violations, and
(iii) other entities named in the annual report, including those that the Minister believes have been owned or controlled by EIKO or the Islamic Revolutionary Guard Corps (IRGC) or the officers of which have been acting on behalf of EIKO or the IRGC during the five preceding years;
(c) providing that Canada’s current sanctions regime against Iran cannot be eased unless two consecutive annual reports conclude that there is no credible evidence of terrorist activity or incitement to hatred emanating from Iran and that there has been significant progress in Iran in respect of human rights; and
(d) requiring the Minister of Public Safety and Emergency Preparedness to consider whether to recommend that the IRGC be named a listed entity (terrorist group) under the Criminal Code.
The enactment also provides for the freezing of assets of permanent residents and foreign nationals who are listed in the annual report as having been responsible for terrorist-related activities, incitement to hatred, or serious human rights violations, and amends the Immigration and Refugee Protection Act to render such persons whose actions would, if committed in Canada, have constituted an indictable offence, as well as persons who have served in the IRGC or the Basij-e Mostazafan, inadmissible under that Act.