Small and medium-size enterprise Executives have long complained about the excessive bureaucratic hurdles and suffocating taxes in doing business.
Now, they may finally see some relief. Or, they may see more red tape.
Perhaps Ottawa read the article Canada’s Economic Hotspots: Who’s Up and Who’s Down.
The Federal Government’s creation of the Red Tape Reduction Commission was greeted as a positive by the Certified General Accountants Association of Canada (CGA-Canada).
The association welcomes the Federal Government's action to address the burden of red tape on small and medium-size enterprises (SMEs).
The obvious question arises: will the Red Tape Commission create more red tape? More specifically, doesn’t the creation of a red tape commission, in effect, create more red tape? The SME sector will find out.
The current volume, duplication and complexity of regulatory requirements, added to high compliance costs, create a regulatory burden. This puts a strangle-hold on entrepreneurship, business growth and job creation that costs valuable time and money.
As the engine of job creation and economic growth, Canada's SME sector is the backbone of the economy and must be a top priority for the government's plan for economic recovery.
In the upcoming issue of Business Review Canada, the Business Leaders article features the three conservative politicians who must make a difference.
Business Review Canada supports stripping away unnecessary operating obstacles, but wonder if new obstacles will inadvertently be created.
"We believe the creation of the Red Tape Reduction Commission represents a good starting point to produce real and lasting results toward red tape reduction," said Anthony Ariganello, CGA-Canada's President and CEO.
"In our meetings with parliamentarians and in our submission to the House of Commons Standing Committee on Finance last fall, CGA-Canada urged the federal government to support SMEs by improving the taxation and regulatory environment for Canadian businesses."
CGA-Canada is pleased to see the government is drawing on private sector expertise to provide recommendations aimed to reduce red tape and regulatory inefficiencies, which will benefit Canada's SMEs. The association looks forward to participating in the consultation process.
Source: CGA-Canada
Now, they may finally see some relief. Or, they may see more red tape.
Perhaps Ottawa read the article Canada’s Economic Hotspots: Who’s Up and Who’s Down.
The Federal Government’s creation of the Red Tape Reduction Commission was greeted as a positive by the Certified General Accountants Association of Canada (CGA-Canada).
The association welcomes the Federal Government's action to address the burden of red tape on small and medium-size enterprises (SMEs).
The obvious question arises: will the Red Tape Commission create more red tape? More specifically, doesn’t the creation of a red tape commission, in effect, create more red tape? The SME sector will find out.
The current volume, duplication and complexity of regulatory requirements, added to high compliance costs, create a regulatory burden. This puts a strangle-hold on entrepreneurship, business growth and job creation that costs valuable time and money.
As the engine of job creation and economic growth, Canada's SME sector is the backbone of the economy and must be a top priority for the government's plan for economic recovery.
In the upcoming issue of Business Review Canada, the Business Leaders article features the three conservative politicians who must make a difference.
Business Review Canada supports stripping away unnecessary operating obstacles, but wonder if new obstacles will inadvertently be created.
"We believe the creation of the Red Tape Reduction Commission represents a good starting point to produce real and lasting results toward red tape reduction," said Anthony Ariganello, CGA-Canada's President and CEO.
"In our meetings with parliamentarians and in our submission to the House of Commons Standing Committee on Finance last fall, CGA-Canada urged the federal government to support SMEs by improving the taxation and regulatory environment for Canadian businesses."
CGA-Canada is pleased to see the government is drawing on private sector expertise to provide recommendations aimed to reduce red tape and regulatory inefficiencies, which will benefit Canada's SMEs. The association looks forward to participating in the consultation process.
Source: CGA-Canada
