ARCHIVED - Overview of Major Regulatory Modernization Initiatives
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The Red Tape Reduction Commission builds on past and ongoing initiatives to reduce regulatory compliance burden on business:
How are we cutting red tape?
Several new initiatives were announced in Budget 2010 to complement the work of the Red Tape Reduction Commission:
- The Northern Regulatory Regime Strategy, led by Indian and Northern Affairs Canada, which deals with resource and water management acts. This will accelerate the review process for resource projects in the North.
- The removal of existing restrictions on foreign ownership of Canadian telecommunication satellites, led by Industry Canada.
- An Advisory Committee on Small Business and Entrepreneurship to help improve business access to federal programs and information. It provides advice to the Minister of State for Small Business and Tourism, with support from Industry Canada.
Budget 2010 also proposes a number of measures to reduce the administrative burden of the tax system for small and medium-sized businesses.
What new steps are we taking?
The Red Tape Reduction Commission builds on past efforts to reduce red tape but differs in three important ways:
- The Commission takes a client-centred approach to fixing regulatory irritants. The Commission will visit many Canadian regions to hear directly from those most affected by red tape, particularly small business owners.
- The Commission will address all aspects of complying with federal regulatory requirements that business identify as impeding innovation and competitiveness, particularly for small business.
- The Commission will identify options for lasting solutions to fix the regulatory system to prevent red tape "creep" over time.