What's this about?
Onerous regulations in Ontario have caused some businesses to close their doors or to invest outside of the province. This means less jobs, less government revenue, and a lower standard of living for all Ontarians.
Ontario is one of the few jurisdictions in the world that does not publish the rationale for regulations. Nor does it conduct cost-benefit analyses when developing new regulations.
Our goal is to reduce, in a responsible manner, the cumulative burden that adversely impacts Ontario’s competitiveness. We are trying to achieve a regulatory environment that encourages innovation and is outcome-focused.
We will continue to advocate that the Government of Ontario address the cumulative burden on businesses.
The government needs to start by publishing the rationale for any new regulations it introduces. It should also:
- Conduct a (public) cost-benefit analysis when considering new regulations.
- Streamline approval and compliance procedures between levels of government, specifically in the area of environmental assessments.
- Adopt a consultative and evidence-based approach to establishing regulations.
- Support outcomes-based and voluntary models of regulation.