Ontario Gets Highest Grade Ever in Red Tape Reduction EffortsPublished on January 22, 2019
CFIB recognizes government for moving fast to reduce regulatory burden on businesses
Vaughan-Woodbridge– Ontario received the province’s highest grade ever in an annual report card that evaluates governments across Canada based on their progress in cutting red tape.
The Canadian Federation of Independent Business (CFIB) gave Ontario an A- in its 2019 Red Tape Report Card. This was a dramatic increase from the C+ that the previous government received in 2018 — which was tied for Ontario’s lowest grade ever. The jump from the province’s lowest to its highest grade ever is a result of the new government’s determination to cut the cost of doing business in Ontario and make companies more competitive.
“This is great news for our province” said Michael Tibollo MPP Vaughan-Woodbridge “Receiving this grade shows that shows our government is on the right track to making Ontario an environment where businesses will want to come and create jobs”
“I am proud that CFIB has recognized we mean business when it comes to cutting red tape,” said Todd Smith, Minister of Economic Development, Job Creation and Trade, who is the lead minister on reducing red tape and regulatory burden. “Ontario businesses face the highest cost to comply with regulations in any province — about $33,000 per company — and small businesses are being hit the hardest. Lowering the cost of doing business here will make companies more competitive so they can create and keep good jobs right here in Ontario. And we won’t stop until we get the job done.”
People across the government are rolling up their sleeves to lighten the regulatory burden on businesses, and Ontario will take this work to the next level this spring. Ministries are already pitching in with ideas for new actions to help meet an aggressive target – reducing regulatory red tape affecting businesses by 25%. From the Premier on down, the government is continuously looking for ways to lower business costs to help create and protect good jobs for the people of Ontario.
- CFIB is a non-profit organization representing and advocating for the interests and concerns of more than 110,000 Canadian owners of small and mid-sized businesses.
- It has published an annual Red Tape Report Card since 2011. CFIB says its goal is to hold the federal, provincial and territorial governments accountable for one of the biggest headaches for small businesses — excessive regulations.