The Federal Government has waived the requirement for unions in Canada to track minute financial data introduced by the Conservatives in Bill 377. The waiver was announced on December 21, 2015, just 10 days before the new requirements came in effect.
Bill 377 required unions to disclose all transactions over $5,000, and to reveal the details of officers or senior staff who make more than $100,000. The requirements were criticized as imposing a huge administrative burden on unions, and were seen as a political attack on organized labour in Canada.
In introducing the waiver, the Federal Government noted that there are already federal and provincial rules in place requiring unions to be financially transparent with their members.