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- A modernized Canadian regulatory system is fundamental to ensuring Canada’s strong economic recovery from the pandemic. Continued progress in advancing regulatory reform efforts will improve transparency, reduce administrative burden, and advance regulatory harmonization.
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What is the Treasury Board of Canada preparing for Regulatory Modernization?
modernize the Canadian regulatory system. improve its performance for Canadians and businesses. In summer 2019, the Treasury Board of Canada Secretariat (TBS) launched consultations on the following four regulatory modernization initiatives in the Canada Gazette: targeted Regulatory Reviews (round 2) review of the Red Tape Reduction Act.
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Regulatory Roadmaps – the path to a better regulatory system for businesses and all Canadians
June 22, 2021 – Ottawa, Ontario – Treasury Board of Canada Secretariat
A modernized Canadian regulatory system is fundamental to ensuring Canada’s strong economic recovery from the pandemic. Continued progress in advancing regulatory reform efforts will improve transparency, reduce administrative burden, and advance regulatory harmonization.
Today, the Honourable Jean-Yves Duclos, President of the Treasury Board, shared the Roadmaps resulting from the second round of Regulatory Reviews on clean technology, digitalization and technology neutral regulations, and international standards.
Regulatory Reviews help modernize Canada’s regulatory system by evaluating outdated regulatory requirements and practices to reduce barriers to economic growth, competitiveness, and innovation. The ensuing Roadmaps outline a suite of initiatives and proposed timelines to support innovation and economic growth, while ensuring strong health, safety, security, and environmental protections.
Roadmaps from the second round of Regulatory Reviews support businesses through more than 30 proposals, which address issues and irritants raised by stakeholders, encourage the use of digital tools, support innovative technologies and approaches, and advance the development and use of international standards.
“Now more than ever, modernizing Canada’s regulatory system is crucial to helping businesses and Canadians recover from the pandemic. Ongoing work on Regulatory Reviews will help support innovation and accelerate economic growth, creating a more agile regulatory system for all Canadians.”
- The Honourable Jean-Yves Duclos, President of the Treasury Board
•The Regulatory Reviews were announced in Budget 2018 with Budget 2019 committing to make the results of the Regulatory Reviews public through the Regulatory Roadmaps. Budget 2021 proposes to provide up to $6.1 million over two years, starting in 2021-22, to continue the Regulatory Reviews and renew the External Advisory Committee on Regulatory Competitiveness.
Roadmaps include proposals, such as legislative and regulatory changes, updated policies and practices, and opportunities to leverage emerging technologies.
- Treasury Board of Canada Secretariat
Oct 23, 2024 · These projects aim to identify regulatory barriers to innovation, trade and economic growth in specific sectors and to develop tools to modernize regulatory administration. The Regulators’ Capacity Fund supports projects across various sectors, including transportation, health, environment, agriculture and finance, to address these barriers and modernize regulatory practices.
Nov 3, 2022 · The development and strategic application of standards in supporting regulatory modernization. Outdated regulatory provisions are impeding Canada’s economic growth prospects and social wellbeing. While the need to uphold the principles of regulatory policy has not changed, the world around us has.
Oct 26, 2017 · Canada should become a global leader on trade and investment facilitation; work to reinvigorate the multilateral system; prioritize inclusive trade in its development efforts; promote two-way trade and investment with developing economies; and ensure that its social policy architecture is sufficiently robust to support an internationally ...
Jun 22, 2021 · Regulatory Reviews help modernize Canada's regulatory system by evaluating outdated regulatory requirements and practices to reduce barriers to economic growth,...
The Roadmap looks at how the Government of Canada can use international standards to support regulatory cooperation, facilitate trade, and foster innovation. Published: June 2021. Last update: November 2023.
