New submitter dskoll shares a report from CBC.ca: New privacy legislation has been submitted to the Canadian parliament that could fine companies up to 5% of global revenue or $25 million, whichever is greater, for violating Canada's privacy laws. According to Innovation Minister Navdeep Bains, The Digital Charter Implementation Act provides for the heaviest fines among the G7 nations' privacy laws. "The fines are there to provide accountability," Bains said. The legislation also would give the federal privacy commissioner order-making powers, including the ability to force an organization to comply and to order a company to stop collecting data or using personal information. "Bains said the commissioner also would be able to recommend fines to a new Personal Information and Data Protection Tribunal, which would levy administrative monetary penalties and hear appeals of orders issued under the new law," adds CBC.ca. "According to the wording of a government press release, the legislation also would give Canadians the option of demanding that their personal online information be 'destroyed.'"Read more of this story at Slashdot. Click here to read full news..