2023 Corruption Perceptions Index results

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The Corruption Perceptions Index (CPI) 2023 released by Transparency International shows that Canada has moved up to 12th place with a score of 76, but still not in the top 10 least corrupt nations. Canada faces a significant challenge with money laundering, with estimates suggesting that $45-$113 billion are laundered in Canada each year. The government has taken a meaningful step in fighting money laundering by introducing Bill C-42, which requires federally-incorporated companies to reveal the names of their beneficial owners. However, less than 20% of companies in Canada are federally incorporated, and provincial and territorial governments need to join the registry to make it effective. Transparency International Canada remains committed to working with government bodies, civil society, and the private sector to advance the anti-corruption agenda and bolster the integrity of Canada's democracy and economy.

Globally, the CPI reveals that most countries have made little to no progress in tackling public sector corruption in over a decade, with over two-thirds of countries scoring below 50 out of 100.