Final answer:
The Personal Information Protection and Electronic Documents Act (PIPEDA) is the Federal Act that outlines how organizations should handle personal information in Canada. It encompasses ten privacy principles that govern the collection, usage, and disclosure of personal data within commercial activities. PIPEDA ensures the balance between individual privacy rights and organizational needs to manage personal data.
Step-by-step explanation:
The Federal Act that addresses how organizations should collect, use and disclose personal information, and is broken out into ten privacy principles is known as the Personal Information Protection and Electronic Documents Act (PIPEDA). This Canadian law sets the framework for how personal information must be handled by organizations in the course of commercial activities. It balances the need for privacy with the need for businesses and organizations to collect and use personal data for reasonable purposes.
Under PIPEDA, individuals have the right to access personal information held by an organization and to challenge its accuracy, as well as the right to be informed of any breaches that may cause significant harm. The ten principles include accountability; identifying purposes; consent; limiting collection; limiting use, disclosure, and retention; accuracy; safeguards; openness; individual access; and challenging compliance.
Organizations are required to develop and follow policies that are consistent with these principles and to make sure that privacy is protected throughout their entire lifecycle of data management. PIPEDA is significant for ensuring that personal information is handled with respect and care, and it plays a crucial role in the privacy rights of individuals.