Regulation from all levels of government cost Canadian businesses $38.8 billion in 2020, with red tape accounting for $10.8 billion of that total.
Those figures are both higher than CFIB’s last report on the cost of regulation, in 2017, which pegged the total cost at $36 billion, of which $10 billion was red tape. As in previous reports, small businesses with fewer than 5 employees) face the highest cost on a per employee basis – 5 times higher than larger businesses (with 100 employees or more).
You can find this year’s report at the right, and previous years’ files below.
Post Date: January 25, 2021
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