NEWS RELEASE · 15th January 2011
Ministry of Finance
Finance Minister Colin Hansen is congratulating the Canadian Federation of Independent Business (CFIB) for its success in highlighting the benefits to business and the economy of reducing red tape through "Red Tape Awareness Week".
The Province will continue to help British Columbians cut through red tape in 2011, including through a simplified tax system and a streamlined business licence system.
"British Columbia has successfully reduced regulatory requirements by over 42 per cent since 2001," said Hansen. "Small businesses are the heart and soul of our economy, and we're taking further steps this year to make sure regulations and approval processes don't get in the way of creating jobs and improving their competitiveness."
For the past 10 years, the Province has been a global leader in implementing regulatory reforms while protecting public health, safety and the environment. Here are a few examples of regulatory reforms that will continue to reduce the red-tape burden on small business:
* Mobile Business Licence: The Province continues to promote and support the adoption of a mobile business licence by local governments. By purchasing one licence rather than multiple non-resident permits, a mobile business licence allows a business to operate in any participating municipality.
* Straightforward Forms: The Province is working on simplifying government forms and business processes to make them more citizen-centred and available online.
* Harmonizing the sales tax: This change has significantly reduced the paperwork and filing requirements small businesses faced under the old GST/PST regime.
* BCeID: This service allows businesses to sign in securely to any participating government online service. The main advantage is having a single password so that users do not need a different login ID and password for every website. In addition, BCeID eliminates the need to go through the process of registering for a new login ID and password when first using a service.
The Province continues to work with the permanent Small Business Roundtable Board to identify new issues and opportunities for improving the regulatory environment. Consultations continue to occur with small business across the province.
Red Tape Awareness Week, a national initiative of the CFIB, ran from Jan. 10-14. Established in 1971, the CFIB has more than 107,000 members in every sector nationwide, giving independent business an influential voice at all levels of government.