business
Canadian Tech Executive Says New Digital Bills May Prompt Companies to Leave
Yanik Guillemette stated that cumulative regulatory requirements from Bills C-18, C-9, and C-22 are leading technology companies to consider reducing operations or exiting Canada. The comments were made in a May 24, 2026 interview published by Benzinga.
May 24, 6:07 PM·1m read1 source
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Technology executive Yanik Guillemette said a growing number of technology companies and digital platforms are discussing scaling back operations or leaving Canada because of new federal legislation. Guillemette made the remarks in an interview published May 24, 2026. He pointed to the combined requirements of Bills C-18, C-9, and the pending Bill C-22 as the main factors.
The three bills address digital platforms, online news, and additional digital services. Guillemette described the total regulatory load as a factor in capital allocation decisions. He stated that companies are evaluating whether continued operations in Canada remain viable under the new rules.
Guillemette said the companies' statements are based on financial and operational calculations rather than public positioning. He added that the outcome will affect the pace of innovation and investment within the Canadian technology sector.
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