VANCOUVER, Jan. 13, 2012 /CNW/ - Canada's third annual Red Tape Awareness Week™ kicks off with the Canadian Federation of Independent Business (CFIB)
releasing the Red Tape Digital Diaries, a digital video series chronicling the frustrations of Canadian small
business owners because of excessive government regulation and red
CFIB criss-crossed the country to hear from small business owners such
as Claude Lavoie, an entrepreneur near Ottawa, Ontario, who was driven
to distraction because of a wrinkle with CRA that he says took too long
to smooth out.
"Small business owners are your neighbours, friends and relatives.
They're paying a monetary and emotional price to jump through hoops
that don't need to exist," says Laura Jones, CFIB senior vice-president
of research, economics and Western Canada. "The Red Tape Digital Diaries show Canadians how overbearing and unnecessary regulations damage the
lives and businesses of real people in their community."
CFIB research estimates that regulation costs Canadian businesses $30
billion each year in compliance costs alone. The smallest firms are
hardest hit: companies with fewer than four employees spend $5,825 a
year on average to comply with regulations.
Red tape creates costs for consumers and workers too. When business
owners are forced to deal with red tape, it's time and money they're
not spending building their businesses, creating jobs, and expanding
According to Canadian businesses, the burden could be reduced by at
least 25 per cent without harming the legitimate objectives of
regulation such as protecting health and safety. "This is the
equivalent of a $7.5 billion annual stimulus package. Governments must
take this issue seriously. We hope these stories will help," concluded
Visit CFIB's Red Tape Awareness Week™ website for more information and to view the Diaries: www.cfib.ca/redtape.
Red Tape Awareness Week™, conducted annually, is trade-marked by the
As Canada's largest association of small- and medium-sized businesses,
CFIB is Powered by Entrepreneurs™. Established in 1971, CFIB takes
direction from more than 108,000 members in every sector nationwide,
giving independent business a strong and influential voice at all
levels of government and helping to grow the economy.
SOURCE CANADIAN FEDERATION OF INDEPENDENT BUSINESS
For further information:
or to arrange an interview, contact Gisele Lumsden at 416 222-8022 or email email@example.com or Laura Jones at 604-684-5325 or email firstname.lastname@example.org.