Changes

[[File:RCC User Guide Banner 2.jpg|frame|center]]

[[File:RCC User Guide Banner 2.jpg|frame|center]]

=== <big>'''1 What is the Regulatory Costing Calculator?'''</big> ===

=== <big>'''What is the Regulatory Costing Calculator?'''</big> ===

The Regulatory Costing Calculator (the Calculator) is a tool developed by the Centre of Regulatory Expertise of the Regulatory Affairs Sector at the Treasury Board of Canada Secretariat (TBS). The Calculator is a Microsoft Excel template that uses Excel’s built-in formulas as well as customized functions, forms and Visual Basic code. The user enters key information (inputs) regarding requirements of a proposed regulation in order to estimate compliance costs imposed on stakeholders (outputs) in a manner consistent with TBS guidance and policies.

The Regulatory Costing Calculator (the Calculator) is a tool developed by the Centre of Regulatory Expertise of the Regulatory Affairs Sector at the Treasury Board of Canada Secretariat (TBS). The Calculator is a Microsoft Excel template that uses Excel’s built-in formulas as well as customized functions, forms and Visual Basic code. The user enters key information (inputs) regarding requirements of a proposed regulation in order to estimate compliance costs imposed on stakeholders (outputs) in a manner consistent with TBS guidance and policies.

TBS based the Calculator’s method on the internationally recognized Standard Cost Model. The Calculator contains key data from Statistics Canada, such as the number of businesses by industry and hourly wages by National Occupation Classification. Standard default parameters are also set (such as the discount rate and number of years over which to assess impacts) to facilitate the aggregation of results across departments. As per the Treasury Board of Canada Secretariat guidance documents on the one-for-one rule and the SBL, departments are strongly encouraged to use the Regulatory Cost Calculator to monetize administrative burden costs for regulatory proposals.<br>

TBS based the Calculator’s method on the internationally recognized Standard Cost Model. The Calculator contains key data from Statistics Canada, such as the number of businesses by industry and hourly wages by National Occupation Classification. Standard default parameters are also set (such as the discount rate and number of years over which to assess impacts) to facilitate the aggregation of results across departments. As per the Treasury Board of Canada Secretariat guidance documents on the one-for-one rule and the SBL, departments are strongly encouraged to use the Regulatory Cost Calculator to monetize administrative burden costs for regulatory proposals.<br>

=== <big>'''2 Purpose of this Guide'''</big> ===

=== <big>'''Purpose of this Guide'''</big> ===

By reviewing and referencing this guide the reader will have:

By reviewing and referencing this guide the reader will have:

Departments and agencies should be aware that the Calculator is only a tool, and it remains the responsibility of those using it to understand and be able to explain the estimated outcomes it produces based on the various content entered.<br><br>

Departments and agencies should be aware that the Calculator is only a tool, and it remains the responsibility of those using it to understand and be able to explain the estimated outcomes it produces based on the various content entered.<br><br>

=== <big>'''3 Theoretical Foundation: The Standard Cost Model (SCM)'''</big><small>1</small> ===

=== <big>'''Theoretical Foundation: The Standard Cost Model (SCM)'''</big><small>1</small> ===

<small>1</small> ''Excerpt from SCM Network “Delivering reductions in administrative burdens: An executive summary of the SCM method”''<br>

<small>1</small> ''Excerpt from SCM Network “Delivering reductions in administrative burdens: An executive summary of the SCM method”''<br>

  '''''<big>Activity Cost = Price x Quantity = (tariff x time) x (population x frequency)</big>'''''</blockquote>

  '''''<big>Activity Cost = Price x Quantity = (tariff x time) x (population x frequency)</big>'''''</blockquote>

=== <big>4         Using the Regulatory Cost Calculator</big> ===

=== <big>Using the Regulatory Cost Calculator</big> ===

==== 4.1       Opening and Navigating the Calculator ====

==== 4.1       Opening and Navigating the Calculator ====