Our plan at a glance

Our plan at a glance

• Taking action on
  12
  opportunities within the next three years.
• Monitoring
  39
  opportunities and exploring how to take action.
• No action will be taken on
  20
  opportunities that could increase burdens.

The government’s plan is divided into nine categories, corresponding with the way the regulations appeared on the Red Tape Challenge webpage:

• financial services
• insurance
• corporate and commercial law
• employment and labour
• environment
• land use and planning
• health and safety
• taxation and financial reporting
• other

Summary of all opportunities

A high level summary of the 71 potential opportunities for improvement identified through the financial services sector consultation.

Actions in progress

The following 12 opportunities were identified during this round of the Red Tape Challenge, and we have committed to take action on them within the next three years.

• Financial services – 5
• Insurance – 2
• Employment and labour – 1
• Land use and planning – 2
• Health and safety – 2

Actions tracking

The following 39 opportunities were identified during this round of the Red Tape Challenge; we will monitor and explore how best to take action.

• Financial services – 12
• Insurance – 9
• Corporate and commercial law – 3
• Environment – 3
• Land use and planning – 3
• Health and safety – 5
• Taxation and financial reporting – 2
• Other – 2

No action recommended

No action will be taken on the remaining 20 opportunities because they could increase burdens, do not fall under provincial authority or are not regulatory issues under the mandate of the Red Tape Challenge to improve redundant, outdated or unnecessarily costly regulations.

• Financial services – 2
• Insurance – 2
• Corporate and commercial law – 1
• Employment and labour – 4
• Environment – 1
• Land use and planning – 2
• Health and safety – 5
• Taxation and financial reporting – 2
• Other – 1