Governments are shifting gears, investing in the infrastructure, industries, and technologies that will make our economy more productive. But to complete this pivot, we must modernize our regulatory systems and clear a path for our businesses.
At a time when businesses should be building, expanding, and innovating, too many are getting tangled in red tape. Following the rules shouldn’t be this hard. Companies want to comply, they just need regulations that are clear, consistent, and efficient.
Our Business Council of Toronto’s new report, Beyond Red Tape: Regulate for Growth, outlines nine practical recommendations to fix Canada’s regulatory challenges:
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Appoint a regulatory efficiency officer
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Create a single-window model for compliance
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Set firm timelines and standards for service delivery
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Introduce a plain-language requirement for regulations
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Create public dashboards for tracking performance
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Implement a framework to review and retire outdated regulations
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Modernize digital tools and train regulators
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Adopt international outcome-based standards
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Establish foresight and innovation units
