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.
The Business Council of Toronto’s report, Modernizing the Rulebook: Building a Regulatory System for Growth, outlines nine practical recommendations to fix Canada’s regulatory challenges:
- Appoint a regulatory efficiency officer
- Create a single-window model for compliance
- Set firm timelines and standards for service delivery
- Introduce a plain-language requirement for regulations
- Create public dashboards for tracking performance
- Implement a framework to review and retire outdated regulations
- Modernize digital tools and train regulators
- Adopt international outcome-based standards
- Establish foresight and innovation units
