On Tuesday of this week, I had the honour of giving the 3rd reading speech for Bill C-21, the Red Tape Reduction Act. I am proud to sponsor this bill, and am happy to see it receive royal assent today. The government has now shown that it supports small business owners across the country.
This legislation enshrines the One for One rule into law, reducing the administrative burdens that small and medium-sized businesses face. This will help Canadian businesses innovate and create more jobs, and it will help our economy.
There are many examples of how the One for One rule proves its worth, and business owners have already seen an estimated annual savings of 290,000 hours in time spent dealing with regulatory red tape. This is the right choice for small business, and it’s the right choice for Canada’s prosperity.
You can listen to my entire speech below.