Red tape remains a significant burden for B.C. businesses – particularly small businesses.
In response to BC Chamber recommendations, the provincial government has made significant progress in reducing the number of provincial regulations.
Despite these positive efforts, the regulatory burden in B.C. continues to be a challenge for business, and in particular, small business.
Too frequently, government at all levels makes regulations without considering the total cost to business of compliance.
The next evolution in regulatory reform must be to shift towards a cost-benefit analysis rather than a focus on a simple numeric reduction.
Of particular concern to Chamber members is the increasing regulatory burden being imposed by local and regional governments.
The BC Chamber's goal is to reduce, in a responsible manner, the cumulative regulatory burden that adversely impacts B.C.’s competitiveness.
Further, the Chamber's goal is to work with the provincial, municipal and regional governments to instill a culture of regulatory efficiency.
The BC Chamber recommends that the provincial government:
develop a mechanism for providing qualitative analysis of the impact of regulations on business, and small business in particular;
ensure that all departments continue to focus on reducing their regulatory burden on business; and
work with municipalities and regional governments to adopt the principles of the BC Small Business Accord.