April 2010 Briefing
Analysis of Regulatory Compliance Costs: Part I – Time/money saved, paperwork volume, and methods of compliance
Published using data from the 2005 and 2008 Statistics Canada Survey of Regulatory Compliance Costs, this paper examines several aspects of paperwork burden (red tape) and sheds new light on elements such as cost savings, reinvestment, paperwork volume, use of information and communication technologies, and external service providers to assist with compliance. The findings should help policy makers gain a clearer understanding of the magnitude of the paperwork burden imposed on businesses and prove useful for developing meaningful reduction initiatives.
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