On October 1, 2012, the Government of Canada released the Red Tape Reduction Action Plan. This aims to reduce the regulatory burden on Canadian citizens and businesses.
The plan included the One-for-One Rule, which came into effect on 1 April 2012. This places strict controls on the growth of regulatory red tape for business by requiring regulators to remove a regulation for every new one they introduce.
The Rule did more than control regulatory red tape – it reduced it by about $3 million and eliminated a net of six regulations from the government’s books in 2012–13. It is estimated that application of the Rule during that time has also saved businesses 98,000 hours per year in time spent dealing with regulatory red ...