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
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 email@example.com