Ontario Gets Highest Grade Ever in Red Tape Reduction Efforts
January 22, 2019
OAKVILLE NORTH-BURLINGTON – 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.
Quotes by Effie Triantafilopoulos MPP:
“Receiving this grade from the CFIB – the highest ever for Ontario – shows that our government is on the right track to making Ontario a place where businesses want to invest and create jobs. People across the government are pitching in with ideas for new actions to help meet an aggressive target – reducing regulatory red tape affecting businesses by 25%.
- 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.
- Ontario businesses face the highest cost to comply with regulations in any province — about $33,000 per company