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.
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, with its goal being to hold the federal, provincial and territorial governments accountable for one of the biggest headaches for small businesses — excessive regulations.
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.
“I am proud that CFIB has recognized we mean business when it comes to cutting red tape,” said Todd Smith, Minister of Economic Development, Job Creation and Trade, who is the lead minister on reducing red tape and regulatory burden.
“The last thing small business needs in Ontario is continued unnecessary, bureaucratic, regulation, rules, paperwork and red tape,” said Haldimand-Norfolk MPP Toby Barrett.
“Ontario businesses face the highest cost to comply with regulations in any province — about $33,000 per company — and small businesses are being hit the hardest. Lowering the cost of doing business here will make companies more competitive so they can create and keep good jobs right here in Ontario. And we won’t stop until we get the job done.”
Ministries are already pitching in with ideas for new actions to help meet an aggressive target – reducing regulatory red tape affecting businesses by 25 per cent. From the Premier on down, the government is continuously looking for ways to lower business costs to help create and protect good jobs for the people of Ontario.