~ Needs of the SME sector should be a top priority for economic recovery
VANCOUVER, Jan. 14 /CNW/ - The creation of the Red Tape Reduction Commission was greeted as a step in the right direction by the Certified General
Accountants Association of Canada (CGA-Canada) today. The association
welcomes the federal government's action to address the burden of red
tape on small and medium-size enterprises (SMEs).
The SME sector has long been an area of interest and concern for
CGA-Canada. The current volume, duplication and complexity of
regulatory requirements, coupled with high compliance costs, add up to
a regulatory burden which puts a strangle-hold on entrepreneurship,
business growth and job creation - costing valuable time and money. As
the engine of job creation and economic growth, Canada's SME sector is
the backbone of the economy and must be a top priority for the
government's plan for economic recovery.
"We believe the creation of the Red Tape Reduction Commission represents
a good starting point to produce real and lasting results toward red
tape reduction," says Anthony Ariganello, CGA-Canada's President and
CEO. "In our meetings with parliamentarians and in our submission to
the House of Commons Standing Committee on Finance last fall,
CGA-Canada urged the federal government to support SMEs by improving
the taxation and regulatory environment for Canadian businesses."
CGA-Canada is pleased to see the government is drawing on private sector
expertise to provide recommendations that aim to reduce red tape and
regulatory inefficiencies, which will benefit Canada's SMEs. The
association looks forward to participating in the consultation process.
Recent CGA-Canada reports on SMEs and entrepreneurship can be found at: http://www.cga-canada.org/en-ca/ResearchAndAdvocacy/Pages/Reports.aspx
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.
For more information on CGA-Canada visit:
For further information:
Telephone: 604 605-5055
Senior Communications Advisor