VANCOUVER, Jan. 18, 2012 /CNW/ - The Certified General Accountants
Association of Canada (CGA-Canada) welcomes the release of today's
comprehensive report by the Red Tape Reduction Commission and
congratulates the Commission for its dedicated work over the past year.
The report provides a number of recommendations towards real and
lasting results in tackling red tape and regulatory inefficiencies.
"We wholeheartedly agree that reducing the burden on small and medium
size enterprises (SMEs) will inspire new opportunities that boost
growth, competitiveness and innovation," says Anthony Ariganello,
CGA-Canada's President and CEO. "I am pleased to see that the
Commission incorporated the feedback from stakeholders and that the
recommendations are aligned with comments CGA-Canada delivered to the
Red Tape Reduction Commission."
In particular, CGA-Canada notes the following recommendations:
Implementing One-for-One legislation - every time the government
proposes a new regulation, it must eliminate one existing regulation;
Cutting the cumulative regulatory burden, which is detrimental to SMEs;
Applying a small business lens to regulatory policy before changes are
made or new policies are adopted;
Using plain language and providing clear, definitive interpretations of
"I am also glad to see the specific call for the Auditor General of
Canada to be given the mandate to review and report on the progress in
reducing regulatory administrative burden. We urge the President of the
Treasury Board to move swiftly to implement this and all other
recommendations," continued Ariganello.
The SME sector has long been an area of interest and concern for
CGA-Canada and its members. The current volume, duplication and
complexity of regulatory requirements put unnecessary pressure on
entrepreneurship, business growth and job creation.
"We will continue to work with the government to take meaningful action
and implement permanent solutions for Canadian SMEs," says Ariganello.
"The creation of an expert panel to simplify Canada's tax regime is one
significant proposal we'd like to explore."
CGA-Canada would also like to see the development of a pan-Canadian
approach to address the accumulated effects of regulatory burden
throughout all levels of government. Even the Commission recognizes
there are larger inter-jurisdictional issues at hand in order for
Canada to truly become a global leader in red tape reduction.
For more details on CGA-Canada's recommendations consult its submission
to the Red Tape Reduction Commission: http://cga-p.cga-canada.net/en-CA/DiscussionPapers/ca_rep_submission_red_tape_reduction_commission_2011.pdf
Founded in 1908, the Certified General Accountants Association of Canada
serves 75,000 Certified General Accountants and students in Canada and
more than 90 countries. Respected accounting and financial management
professionals, CGAs work in industry, finance, government and public
practice. CGA-Canada establishes the designation's certification
requirements and professional standards, offers professional
development, conducts research and advocacy, and represents CGAs
nationally and internationally.
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