Any one have any specific info of what is going to be banned outright?
According to the law, every substance is banned if it "produces a psychoactive effect in a person." This is defined as "stimulating or depressing the person’s central nervous system" or affecting a "person’s mental functioning or emotional state."
That would clearly include nootropic substances since they affect a person's mental functioning.
Those substances not banned must be specifically called out in a white list (an attempt to put nootropics on the white list failed), and it is up to individuals to intuit what is psychoactive and thus banned--"A person commits an offence if...the person knows or suspects, or ought to know or suspect, that the substance is a psychoactive substance."
The convenience of this law (from the government's standpoint), is that they are not constantly adding things to the black list. Instead, everything is on the black list unless they put it on the white list. It's like declaring everyone guilty unless they prove themselves innocent.