Ontario Supporting People and Businesses
|NEWS RELEASE Rebuilding Economic Stability While Keeping Ontarians Safe and Healthy |
October 07, 2021
Ministry of Economic Development, Job Creation and Trade
|TORONTO — The Ontario government continues to support the province’s economy by introducing new measures to promote economic stability and encourage investment, while keeping Ontario families, workers, and the environment safe and healthy. Today, Nina Tangri, Associate Minister of Small Business and Red Tape Reduction, announced Ontario’s Fall Red Tape Reduction Package and introduced the Supporting People and Businesses Act. “This comprehensive red tape reduction package builds on three years of work to reduce burden and lighten the load for people and businesses weighed down by the pandemic’s demands,” said Minister Tangri. “Cutting red tape and modernizing our regulatory system will help people and businesses meet the demands of today, while positioning them for a brighter tomorrow.” If passed, the act will support businesses on the ground and help government deliver clear and effective rules that promote public health and safeguard the environment without sacrificing innovation, growth and opportunity. |
Some of the proposed changes in the act, include:
“Since taking office, our government has been working to remove the red tape and regulatory burdens that make growth for businesses more difficult and stifle opportunities for job creators, non-profit organizations, and workers across the province,” said Vic Fedeli, Minister of Economic Development Job Creation and Trade. “Through our work to modernize our regulatory system and make Ontario ripe for future investment and economic prosperity, we’re making Ontario an even better and easier place for businesses to expand and thrive.”
The 2021 Burden Reduction Report shows Ontario continues to make substantial progress in reducing regulatory burdens. In the past three years (ending June 30, 2021) our government has reduced its total number of regulatory compliance requirements by 6.5% and achieved $373 million in net annual savings to businesses, not-for-profits, municipalities, universities and colleges, school boards and hospitals in regulatory compliance costs.