The Conservative government has introduced amendments to copyright legislation that balance consumer and creator interests but clearly side with industries most affected by free downloading.
Being caught with an illegal download would result in a $500 fine (although being caught sharing those files is another matter, and could propel some interesting cases). While it will be legal to time-shift content with PVRs, it would be illegal to use circumventing devices to skirt broadcasters who flag programming to avoid time-shifting. And, notably, there are no provision forcing ISPs to take down or block illegal material.
Now, the legislation is simply in the introductory stage. It has to be reviewed by a House of Commons committee and then given third and final reading, before going to the Senate for review. With an election looming, it is questionable if this bill will get that far in time for an election, or if there will be another wave of legislation after one.