Ottawa, May 31, 2018—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, 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 understand that when government is creating, expanding or enforcing regulations, they have a number of lenses through which they are viewing the potential impacts ,” said Krista Ross, Fredericton Chamber CEO. “we are asking that one of those lenses be business-focused as ultimately, making it harder to do business in Canada ultimately means slower growth, fewer jobs and a decreased ability for government to pay for services.”
The report is available online at www.regulatesmarter.ca.
About the Fredericton Chamber of Commerce
The Fredericton Chamber of Commerce, a nationally accredited organization with nearly 1,000 members, is an active business organization engaged in policy development and advocacy that affects the competitiveness of our members and the Canadian business environment. The Chamber’s vision is Stronger Community Through Business Prosperity.
About the Canadian Chamber of Commerce
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. News and information are available at Chamber.ca or follow us on Twitter @CdnChamberofCom.
Contact:
Krista Ross
Chief Executive Officer
Fredericton Chamber of Commerce
506.458.8006
Guillaum W. Dubreuil
Senior Director, Public Affairs and Media Relations
Canadian Chamber of Commerce
613.797.1860
