…and the LPC’s media good squad slow rolls C-11 implementation because it’s….a bad idea trying to be kept from being a worse idea implemented…
…and the LPC’s media good squad slow rolls C-11 implementation because it’s….a bad idea trying to be kept from being a worse idea implemented…
Meanwhile, we continue to pay for the red tape that continues to strangle us....
The cost of regulation from all three levels of government to Canadian businesses totalled $38.8 billion in 2020. The total number of hours spent on regulatory compliance2 by businesses of all sizes in Canada was 731 million hours - the equivalent of nearly 375,000 full-time3 jobs. The 2020 estimate excludes COVID-19 regulations to make the cost comparable to previous years.
These costs are considered too high by small business owners, who cite excessive regulation as one of their top concerns. The smallest businesses bear a disproportionately high burden of the cost, paying up to five times more per-employee than larger businesses. The smallest businesses pay $7,023 per employee annually to comply with government regulation while larger businesses pay $1,237 dollars per employee annually (see Figure 1). Being able to spread regulatory costs over more employees gives larger businesses a competitive advantage over their smaller counterparts.
The cost of regulation from all three levels of government to Canadian businesses totalled $38.8 billion in 2020. The total number of hours is equal to nearly 375,000 full-time jobs.
DB, an issue indeed! Canada has one of the largest regulatory regimes in an nation globally…upwards of 70,000 concurrent regulations, IIRC.
Government over-regulation certainly can’t ever be seen to be a ‘money multiplier’…if the government os involved, the value of an individual or company’s dollar to achieve anything is reduce, not improved…
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