Maritimes make headway cutting red tape: CFIB
BC, Ontario and Quebec lead the way; Manitoba earns an F.
TORONTO — Canada’s provinces may be finally getting the message about reducing red tape, according to the Canadian Federation of Independent Business’s (CFIB’s) annual red tape report card.
The business group that represents Canada’s SMEs said Nova Scotia (C+ from a D last year), New Brunswick (C+) and PEI (D+ to C-) took “a big step” in 2015 by committing to a common approach to measuring and publicly reporting the regulatory burden on businesses and citizens.
“Those governments unwilling to weigh-in are now the exception rather than the rule,” says Satinder Chera, CFIB vice-president.
BC is still the only solid A performer, Quebec and Ontario are B+, Saskatchewan a B, and the Yukon slipped from a D+ to a D. Manitoba dropped from a D to an F after failing to reduce red tape after its 2014 Throne Speech. Governments in Newfoundland-Labrador, the North West Territories, Alberta and Ottawa escaped scrutiny this year because they were too new to evaluate.
The CFIB says government red tape is a hidden tax that affects small businesses much more than larger firms. The annual cost of all regulations on businesses is pegged at $37 billion per year, with $11 billion of that considered red tape.