Regulatory Burden Undermining Business Competitiveness, New Chamber Report Finds

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, and supported by the Vaughan 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’re asking the Government to give regulators clear mandates of ensuring economic growth and competitiveness as part of their responsibilities, so that economic impacts receive the necessary consideration in decision-making,” said Brian Shifman, President & CEO of the Vaughan Chamber of Commerce.

The report is available online at www.regulatesmarter.ca (Download).

About the Vaughan Chamber of Commerce

The Vaughan Chamber of Commerce is the premier membership and networking association in Vaughan.  The VCC proudly represents business from all sectors of the economy including large corporations and small-to-medium enterprises (SMEs).  The VCC is a strong voice on public policy issues of importance to the local business community, such as infrastructure, transportation and opportunities for business growth.

 

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.

 

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Contact:

Abdus Samad
Manager of Government Relations and Policy
Vaughan Chamber of Commerce
T: 613-697-2435
abdus@vaughanchamber.ca

Guillaum W. Dubreuil
Senior Director, Public Affairs and Media Relations
Canadian Chamber of Commerce
613.797.1860
gdubreuil@chamber.ca

@VaughanChamber