TORONTO, Jan. 10 /CNW/ - To officially launch Canada's second annual Red Tape Awareness Week, the Canadian Federation of Independent Business (CFIB) today released
the Red Tape Diaries, a collection of firsthand accounts detailing the frustration and
hardship Canadian small business owners face as a direct result of
excessive government regulation and red tape.
Contained within the pages of CFIB's eye-opening compilation is a
variety of harrowing tales which have been submitted by small business
owners from across the country. Examples include a Toronto-based store
owner whose primary source of advertising was taken away due to the
passing of an overbearing municipal by-law, and a New Brunswick-based
bakery whose store's opening was delayed because of conflicting
information regarding provincial licensing.
"This is just a tiny sampling of the hundreds of thousands of stories
that are out there. It all adds up to a colossal waste of
entrepreneur's time and money and clearly diverts their focus away from
where it needs to be - building their businesses, creating jobs, and
expanding the economy," said CFIB Vice-President for Western Canada and
regulatory reform expert Laura Jones.
A 2010 CFIB report estimated that regulation costs Canadian businesses a
staggering $30 billion each year in compliance costs alone, the brunt
of which is being felt by the smallest firms. Whereas businesses with
more than 100 employees spend a yearly average of $1,117 per employee
to comply with regulations, companies with 0 to 4 employees spend an
average of $5,825.
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. It's time for
Canadians to demand that governments take this issue seriously. We hope
these stories will help," concluded Catherine Swift, President and CEO.
CFIB will be conducting a number of other special initiatives this week
to draw attention to the issue and encourage entrepreneurs across
Canada to advocate for change. Visit CFIB's Red Tape Awareness Week official web and Facebook pages to find out what's on tap for the rest of the week.
To read all the diaries 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 107,000 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
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