All Canadian companies are responsible for compliance as per Canada’s Personal Information Protection and Electronic Documents Act. Here is the link to that act. This document is current as of March 20, 2023.  See the following;

SCHEDULE 1 Principles Set Out in the National Standard of Canada Entitled Model Code for the Protection of Personal Information, CAN/CSA-Q830-96

• 4.1 Principle 1 — Accountability– An organization is responsible for personal information under its control and shall designate an individual or individuals who are accountable for the organization’s compliance with the following principles.
• 4.7 Principle 7 — Safeguards– Personal information shall be protected by security safe- guards appropriate to the sensitivity of the information.

Evolving Canadian Regulation Legislation

Canada has released a new cyber security law in June, 2022, Bill C-26 including Critical Cyber Systems Protection Act (CCSPA) to address long standing gaps in federal government framework and policy around critical cybersecurity vulnerabilities.  It will impose obligations on organizations acting in industries of national importance mandatory cyber security programs and cyber incident reporting, and will be backed by administrative monetary penalties for non-compliance. Today the impacted sectors include telecommunications services, interprovincial or international pipelines and power line systems, nuclear energy systems, transportation systems within the legislative authority of Parliament, banking systems; and clearing and settlement systems. 

However, the government will have the ability to add additional services and systems to the schedule, and in other countries this has expanded to other federally regulated industries including financial services and insurance.