For Immediate Release |, May 31, 2018
Dufferin County ON:—Canada’s regulatory system is smothering business in Canada, thanks to a growing mix of complex, costly and overlapping rules from all levels of government. A new report by the Canadian Chamber of Commerce, and supported by the Dufferin Board of Trade, Death by 130,000 Cuts: Improving Canada’s Regulatory Competitiveness, calls on governments to modernize their regulatory frameworks and give businesses in Canada room to thrive.
“Inconsistent and unpredictable rules and processes are making it difficult for businesses—whether large or small—to keep up and comply. This leads to our businesses being less competitive and Canada becoming a less attractive place to invest, start or grow a business,” said the Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. “Regulations are designed to keep us safe and to create a level playing field. But when they start to smother businesses, that becomes a real problem.”
As the U.S., our largest competitor and trading partner, has recently implemented significant corporate tax and regulatory reforms, Canada cannot afford to fall further behind. Today’s report identifies opportunities to increase public and investor confidence in Canada’s regulatory systems and provides clear recommendations to government on how it should be done.
“We often hear from our members that the current cumulative regulatory burden causes frustration, confusion, and costly delays,” said Pete Renshaw, Chair of the Dufferin Board of Trade. “This report outlines how elected officials, regulators and businesses can work together to fix the issues in our regulatory system so that we can all succeed”.
The report is available online at www.regulatesmarter.ca.
Dufferin Board of Trade
519.941.0490 ext. 206 | [email protected]