Ontario Passes Legislation to Help Businesses Save Time and Money
Thursday, November 2, 2017
Changes Will Help Small Businesses and Cut Unnecessary Red Tape
Ontario has passed legislation to make it easier for businesses to grow and create more jobs.
The Cutting Unnecessary Red Tape Act, 2017 will reduce regulatory burdens and practices that cost businesses time and money, while protecting environmental and health standards and ensuring worker safety.
The changes to cut red tape and help small businesses grow include:
- Reducing regulatory costs: Requiring all ministries to offset every dollar of new administrative costs to business by removing $1.25 of old and unnecessary costs, while protecting environmental, health and worker safety standards.
- Streamlining compliance for small business: Ensuring that undue burdens aren't placed on small businesses when new or amended regulations are introduced, while maintaining robust environmental, health and safety requirements and other public interest protections.
- International or national standards alignment: Increasing harmonization with other jurisdictions and adopting international or national standards, where appropriate, when developing or reviewing regulations.
- Rewarding good actors: Recognizing businesses with good compliance records and lowering their costs by reducing requirements, without compromising the environment health and safety, and other protections.
- Electronic transmission guarantee: Providing businesses the option to electronically submit any required documentation to the Government of Ontario instead of more costly paper submissions.
- Reducing fees and other costs: Reviewing licence and registration fees paid with a goal of providing relief to small- and medium-sized businesses.
Cutting unnecessary red tape is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Since 2011, burden reduction initiatives have saved Ontario businesses a total of $152 million and 6.5 million hours, surpassing the province's goal to save businesses $100 million by the end of 2017. Ontario's 2017 Burden Reduction Report features 20 government initiatives, including eight new projects that resulted in $22.5 million in cost savings for businesses, and an additional $6.8 million saved through six previously announced projects (or multi-year initiatives) with ongoing impacts.
- The Cutting Unnecessary Red Tape Act, 2017 supports Ontario’s five-year, $650-million Business Growth Initiative that is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale-up and modernizing regulations for businesses.
- The Burden Reduction Act, 2017 amended more than 50 statutes from 11 different ministries to reduce regulatory burdens and practices that cost businesses time and money, while protecting environmental and health standards and enhancing worker safety. The amendments will provide Ontario businesses up to $31 million in savings every year.
Ontario’s Red Tape Challenge is an innovative online platform to help identify and eliminate regulatory duplication, lessen compliance burdens, shorten response times and make it easier for businesses and citizens to interact with government. Since 2016, five sector consultations have been completed and the government is acting on 171 recommendations to reduce burdens for businesses.