Government of Canada Introduces Legislation to Make the One-for-One Rule Law

...Treasury Board President Tony Clement introduced the Red Tape Reduction Act in Parliament to enshrine the One-for-One Rule in law...

Making the One-for-One Rule law will help permanently control the growth of federal regulatory red tape. Under the One-for-One Rule, for every new regulation added that imposes an administrative burden on business, one must be removed.

Quick facts

• During its first year of implementation, the One-for-One Rule provided a successful, system-wide control on regulatory red tape impacting business.
• It is estimated that the application of the One-for-One Rule in 2012–2013 will save businesses 98,000 hours per year in time spent dealing with regulatory red tape.
• As of December 12, 2013, under the One-for-One Rule, the Government had reduced administrative burden by almost $20 million and achieved a net reduction of 19 regulations.
• The Red Tape Reduction Action Plan, currently the most ambitious red tape-cutting initiative in the world, can increase Canadian competitiveness and free business to innovate, grow, and create jobs. It underscores Canada's reputation as one of the best places in the world to do business and invest.

This has been excerpted from the 29 January 2014 news release by the Treasury Board of Canada and is available in its entirety at http://news.gc.ca/web/article-en.do?mthd=tp&crtr.page=1&nid=812559&crtr.tp1D=1.