CGA-Canada Welcomes Red Tape Reduction Commission as a Good Starting Point

~ 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

ABOUT CGA-CANADA
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:

www.cga.org/canada
www.facebook.com/cgacanada
www.twitter.com/cgacanada


SOURCE CGA-Canada

For further information:

Taylore Ashlie      
Director, Communications     
CGA-Canada  
Telephone: 604 605-5055     
Cellular:  604-307-0212      
Email: tashlie@cga-canada.org

Stephanie Thatcher      
Senior Communications Advisor     
CGA-Canada      
Telephone:604-694-6700      
Email: sthatcher@cga-canada.org

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CGA-Canada

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