Second reading (Senate), as of March 29, 2022
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This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment enacts the Foreign Influence Registry and Accountability Act , which imposes an obligation on individuals acting on behalf of a foreign principal to file a return when they undertake specific actions with respect to public office holders. It also provides for the establishment of a public registry in which all returns must be kept.
It also amends the Criminal Code to increase the sentence for intimidation if the offender acted on behalf of the government of a foreign state, and it specifies that anyone who has filed a return under the Foreign Influence Registry and Accountability Act is presumed to be acting on behalf of the government of a foreign state unless the contrary is proved on a balance of probabilities.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.