Tories hint bill aimed at removing red tape for business coming this week | iNFOnews | Thompson-Okanagan's News Source

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Tories hint bill aimed at removing red tape for business coming this week

Treasury Board President Tony Clement (left) and International Trade Minister Ed Fast attend an announcement for the Red Tape Reduction Action Plan in Ottawa, Tuesday, January 28, 2014. THE CANADIAN PRESS/Sean Kilpatrick
January 28, 2014 - 11:31 AM

OTTAWA - The federal Conservatives are hinting they'll table legislation later this week aimed at removing outdated regulations that hobble businesses.

The Tories have promised to enshrine in law an internal rule they put in place in 2012 that requires the government to remove one regulation for every new one added.

Treasury Board president Tony Clement suggests that bill could be introduced this week.

He says there has been progress in cutting red tape, saving small businesses $20 million in administrative costs by scrapping 19 regulations.

Clement says the government is studying a system that would look at new regulations in terms of how much time and money they will cost business.

For every new rule, the government would have a deadline to remove another that either meets or exceeds those costs.

But Clement says new regulations dealing with health and safety wouldn't be included in the one-for-one rule.

News from © The Canadian Press, 2014
The Canadian Press

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