Economic Action Plan 2014 announces progress in reducing regulatory irritants to business through the Red Tape Reduction Action Plan.
Economic Action Plan 2013 confirmed the Government’s ongoing commitment to eliminating unnecessary red tape from Canada’s regulatory system, while maintaining high standards for safety and protection. The One-for-One Rule and other Red Tape Reduction Action Plan reforms are bringing a new level of discipline to how the Government regulates and creates a more predictable environment for businesses.
The 2012–2013 Scorecard Report: Implementing the Red Tape Reduction Action Plan confirms the Government has made tangible progress in cutting red tape for Canadians and businesses. For example:
- The One-for-One Rule controls the administrative burden on business. Under the Rule, regulators must remove a regulation each time they introduce a new regulation that imposes administrative burden on business.
- As of December 2013, under the Rule, the Government had reduced the administrative burden by almost $20 million and achieved a net reduction of 19 regulations. This represents 98,000 hours in time saved for business annually.
- Service standards for 24 high-volume regulatory authorizations have been created, covering more than 60,000 transactions with businesses each year.
- The Government has also made the regulatory system more predictable, with 32 forward regulatory plans now posted on the Web, containing more than 400 regulatory changes.
Over the next year, the Government will continue its ambitious approach to reducing red tape through a combination of system-wide reforms and targeted action on issues that frustrate businesses, stifle innovation and restrict investment. This includes completing the Administrative Burden Baseline Initiative to count the number of federal regulatory requirements on business. The Government is also following through on its commitment to legislate the One-for-One Rule; Canada has become the first country to introduce legislation for such a rule.