One of the suggestions I was given for improvements to the regulations, particularly in relation to penalties, concerned the maximum amount of those penalties. Here in Canada, for a corporation, the penalties range from $5,000 to $25,000, depending on the schedule. In the United States, the maximum is $400,000.
Are there any plans to increase the Canadian penalties to truly deter companies from not complying with the regulations? Are the current amounts a sufficient deterrent?