What are the two main goals of the Personal Information Protection and Electronic Documents Act (PIPEDA)?

The two main goals of the Personal Information Protection and Electronic Documents Act (PIPEDA) center around promoting electronic commerce and leveling the playing field in terms of privacy protection regulations across different sectors and businesses.

PIPEDA facilitates electronic transactions by establishing privacy standards that organizations must follow when handling personal information. This legal framework not only helps enhance consumer trust in online transactions but also ensures that all businesses operating in Canada adhere to consistent privacy protection practices, enabling fair competition within the marketplace.

In this context, the act acknowledges the significance of data privacy in an increasingly digital economy, where electronic commerce is essential for business growth and consumer engagement. By formalizing these principles, PIPEDA underscores the importance of privacy in fostering a trustworthy online environment, thereby encouraging more individuals to participate in electronic commerce activities.