Very fitting for the Year of the Entrepreneur
VANCOUVER, June 22, 2011 /CNW/ - The B.C. government will pass
legislation requiring an annual report on regulation, making it the
first government in Canada to enshrine regulatory accountability in
law, Finance Minister Kevin Falcon announced today. The announcement
was timed to coincide with the ten year anniversary of the province's
red tape reforms and the provincial declaration of 2011 as the Year of
"B.C. is showing incredible leadership by effectively saying we
understand red tape is a huge hidden tax and we are going to hold
ourselves accountable for it. This is a vital win for small business
owners whose lives are made miserable by red tape from all levels of
government," said Laura Jones, sr. vice-president, research, economics
and Western Canada.
CFIB estimates that red tape costs Canadian businesses $30 billion a
year. Seventy per cent of business owners say red tape causes them
significant stress and 62 per cent say it takes time away from family.
Other provinces including Ontario, Quebec, Saskatchewan, Nova Scotia and
Newfoundland have introduced regulatory reforms in the past five years
but nothing is permanent. "Red tape initiatives tend to be here today,
gone tomorrow," commented Jones. "Any government that is truly serious
about creating an environment for entrepreneurship to flourish will
follow B.C.'s lead."
The Federal Government announced a Red Tape Reduction Commission in
January based on the B.C. model with a promising mandate to be more
than temporary. At the local level, the City of Surrey has shown
leadership with its own commission and Mayor Dianne Watts seems
determined to make it stick.
British Columbia started its regulatory reform program in 2001 when it
committed to reduce red tape by one-third in three years. It met that
commitment and has now reduced red tape by 42 per cent since 2001 while
maintaining safety, health, and environmental protection. For every new
regulatory requirement introduced in the province, one has to be
removed, a commitment that was extended from 2012 to 2015 as part of
today's announcement. It is the longest running regulatory reform
exercise in Canada's history.
"Permanently controlling red tape promises huge rewards—more creativity,
lower prices, more jobs and more time for family. It's exciting to
imagine a country where this is possible and B.C. is leading the way,"
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 with Laura Jones, contact 604-684-5325