From the Ontario Government: Ontario Passes Act Reducing Unnecessary Regulatory Burdens for Business

The Chamber Network through local chambers of commerce such as Peterborough are constantly lobbying for red tape reduction. Recognition of the ongoing need to reduce the regulatory burden for businesses of all sizes is extremely important.  The Chamber is actively following the progress made by the government and encourages them to continue pressing forward to increase Ontario's competitive advantage. 

Government of Ontario Press Release:

December 11, 2014 2:31 P.M.

Ministry of Economic Development, Employment and Infrastructure

Today, the Better Business Climate Act, 2014, passed third reading in the Ontario legislature.

The Act will strengthen the province's economy by cutting red tape for business and reducing unnecessary regulatory burdens and practices that cost time and money.

Ontario has set a target of reducing burdens by $100 million by the end of 2017. Under the Act, the government is required to report annually on burden reduction activities to ensure efforts remain on track.

Along with burden reduction, the Act will also foster the development of globally competitive economic clusters which help attract investment and talent across Ontario by fostering regional capacity for productivity, innovation, exports, global competitiveness, business attraction and creating well-paying jobs.

In collaboration with businesses, academia, labour and non-profits, the government will identify cluster opportunities that take advantage of regionally competitive strengths. Plans will be reviewed at least every five years.

Streamlining business regulation and strengthening key clusters is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.

Quick Facts

  • The burden reduction annual reports will build on Fewer Burdens, Greater Growth — a report issued in January 2014 that identified five projects representing a saving of over $6 million for Ontario businesses.
  • Since 2008, Ontario has eliminated 17 per cent of all regulatory requirements — or 80,000 regulatory burdens.
  • Clusters are concentrations of interconnected sectors, companies and institutions that do business with each other and/or are related in some way.
  • The strength and resilience of Ontario’s economy is due in large part to the diversity of its economic sectors and related clusters. Examples include information and communications technologies (ICT) clusters in Ottawa, Toronto and Kitchener-Waterloo, mining and forestry clusters in northern Ontario, and a financial services cluster in Toronto.

Additional Resources


“With the passing of this important legislation, our government takes another step forward in building a modern, streamlined regulatory environment that supports business growth while protecting the public interest. At the same time, cluster development plans will bring new focus to how government, industry and academia collaborate to build a globally competitive Ontario economy.”

Brad Duguid

Minister of Economic Development, Employment and Infrastructure

PrintView Printer Friendly Version

EmailEmail Article to Friend

« Collaborating for success: a Peterborough partnership for progress | Main | Policy Forum 2014: Cultivating a culture of openness with City Hall »