Ontario Leads on Reducing Red Tape
Ontario remains among the best in the country for reducing red tape, according to CFIB’s Red Tape Report Card
Modernizing regulations and cutting red tape have always been key priorities for our PC government.
For the third consecutive year, Ontario has received an A- grade from the Canadian Federation of Independent Business (CFIB) in its annual Red Tape Report Card — for efforts throughout 2020 to remove red tape and other barriers to small business.
“Modernizing regulations and cutting red tape have always been key priorities for our government as they are key to creating an open for business climate that attracts investment and creates jobs,” said Prabmeet Sarkaria, MPP for Brampton South and Associate Minister of Small Business and Red Tape Reduction. “Through these initiatives we are laying the foundation for a strong economic recovery that will benefit all individuals, families and businesses, especially the small businesses that have been suffering through this pandemic.”
Our PC government’s actions to cut red tape from June 29, 2018 to June 30, 2020 have led to annual compliance cost savings of $331 million.
In the past year, Ontario has also passed three high-impact burden reduction bills: the COVID-19 Economic Recovery Act, the Main Street Recovery Act, 2020 and the Better for People, Smarter for Business Act, 2020. These measures are designed to remove regulatory roadblocks, support businesses on the ground, and help government deliver clear and effective rules that promote public health and safeguard the environment without sacrificing innovation, growth and opportunity.