Ottawa – Cathy McLeod, Member of Parliament for Kamloops – Thompson – Cariboo was pleased this week with the introduction of the Red Tape Reduction Act, which will enshrine the One-for-One Rule in law.
“As a member of the original Red Tape Reduction team, I’m so pleased that we are now taking legislative action to reduce the administrative burden on small and medium-size businesses,” said McLeod.
“Canada is the first country in the world that will enshrine the One-for-One Rule in legislation, making it the most aggressive red tape reduction plan in the world,” said McLeod. “Under the One-for-One Rule, for every new regulation added that imposes an administrative burden on business, one must be removed.”
As of December 12, 2013, under the One-for-One Rule, the Government had reduced the administrative burden by almost $20 million and achieved a net reduction of 19 regulations.
“Cutting red tape and making the regulatory process as pain-free as possible in one of the most important things we can do to help Canadian businesses thrive, particularly in this time of global economic uncertainty,” stated McLeod.
“By getting rid of business irritants due to federal regulations, such as payroll, labour and trade rules, and introducing new time-saving measures like single windows and electronic submissions, it will increase Canadian competitiveness and free business to innovate, invest, grow and create jobs,” concluded McLeod.