CFIB applauds Prime Minister's Red Tape Reduction Commission announcement

TORONTO, Jan. 13 /CNW/ - The Canadian Federation of Independent Business (CFIB) applauds the federal government's official announcement of a Red Tape Reduction Commission (RTRC) whose mandate will be to identify regulatory irritants and recommend options to control and reduce the compliance burden on a long-term basis. Today's announcement coincides with the country's second annual Red Tape Awareness Week, a CFIB initiative aimed at raising public awareness about the negative impact of excessive regulation on small business and citizens.

CFIB president Catherine Swift said, "What promises to set this initiative apart from previous efforts is its focus on making permanent changes to control and reduce the regulatory compliance burden. The fact that Prime Minister Harper made the announcement himself shows political leadership from the top, another essential ingredient for success."

CFIB estimates that regulations and paper burden cost the Canadian economy $30.5 billion dollars a year. When surveyed, 70 per cent of business owners say regulations add significant stress to their lives and an incredible 25 per cent say they may actually not have gone into business if they had known the burden of complying with regulation. "These costs have very real impacts - higher prices, lower wages, lower productivity and fewer choices to name a few and it's great to see the federal government showing leadership," said Swift.

The CFIB will participate in the RTRC. "The formation of a Red Tape Commission is music to the ears of any Canadian that has ever dealt with excessive and often senseless government rules, regulations and paperwork. This announcement provides a fitting conclusion to CFIB's second annual Red Tape Awareness Week," concluded Swift. 

For further information on CFIB's Red Tape Awareness Week visit www.cfib-fcei.ca/redtape

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:

To arrange an interview with Catherine Swift contact Gisele Lumsden, cell: 647-808-5769 or by email atpublic.affairs@cfib.ca

Profil de l'entreprise

CANADIAN FEDERATION OF INDEPENDENT BUSINESS

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.