Canada to get DMCA style laws?

I may have to contact my local politician to let him know that I would rather this bill not be passed.

Highlights from the linked article:

In particular, the report makes the following recommendations:

• ratify the WIPO Internet treaties (seemingly because the U.S. has placed us on the Special 301 list)
• increase damages and penalties under the Copyright Act
• create a new offence for the distribution of pirated works
• create a new offence for the manufacture or distribution of circumvention devices for commercial gain
• create new administrative penalties for the importation of counterfeit and pirated goods
• create a new criminal offence for manufacturing, reproducing, importing, distributing, and selling counterfeit goods
• strengthen civil remedies for counterfeiting and piracy infringement
• increase the resources allocated to the RCMP and Justice to counter counterfeiting and piracy
• prioritize RCMP and Justice copyright enforcement
• encourage prosecutors to seek more significant penalties for counterfeiting and piracy violations, including imprisonment
• create a new IP Crime Task Force
• new border measures, data sharing, and the creation of an IP registry

Now what I want to know, if this comes into play, does this mean the levy on recordable media gets lifted? And if so, what about the media I purchased prior to then?