Changes

==== Step One: Initiative Details - Initiative Profile ====

==== Step One: Initiative Details - Initiative Profile ====

When using the Calculator, information that sets the regulatory context should be entered on the tab named '''''Initiative Details'''''.   

When using the Calculator, information that sets the regulatory context should be entered on the tab named '''''Initiative'''''.   

This information is entered directly on the spreadsheet. If you wish to copy and paste from another document, it is best to click on the appropriate cell and press “F2”.  The F2 key is a short-cut in Excel to edit the selected cell’s contents.  By doing this you will retain formatting such as carriage returns, which if pasted directly into a spreadsheet adds content over multiple rows.  If you are typing the results directly into the cell you can enter a carriage return in a cell by pressing “alt-enter”.  

This information is entered directly on the spreadsheet. If you wish to copy and paste from another document, it is best to click on the appropriate cell and press “F2”.  The F2 key is a short-cut in Excel to edit the selected cell’s contents.  By doing this you will retain formatting such as carriage returns, which if pasted directly into a spreadsheet adds content over multiple rows. If you are typing the results directly into the cell you can enter a carriage return in a cell by pressing “alt-enter”.  

[[File:Initiative Details Tab.png|alt=Initiative Details Tab|border|left|frameless|702x702px|Initiative Details Tab]]

[[File:Initiative Details Tab.png|alt=Initiative Details Tab|border|left|frameless|702x702px|Initiative Details Tab]]

'''Responsible Organization.''' This is the name of the department or agency that will recommend, make, and/or approve the regulation.  '''When a regulation is jointly managed by several departments, this should be mentioned in the assumptions and notes area as well as any information relevant in support of the decision of which the minister is responsible'''.

'''Responsible Organization.''' This is the name of the department or agency that will recommend, make, and/or approve the regulation.  '''When a regulation is jointly managed by several departments, this should be mentioned in the assumptions and notes area as well as any information relevant in support of the decision of which the minister is responsible'''.

'''Brief description of the regulatory change''': Put in a '''clear and concise description''' so TBS analysts and future analysts can look at this and understand. The RCC does not use this information. Because the Calculator is designed to measure incremental business impacts, this description should focus on how the regulations would cause businesses to change the way they operate.  For context purposes, the user may also wish to briefly describe the objectives of the regulation.  Never assume that a second party, who may review the Calculator, has access to supplemental documents such as the Regulatory Impact Analysis Statement. To the extent possible, make the RCC a stand-alone product that is easy to follow. In summary, the regulatory context should briefly describe: 1.what the regulation does; 2. what is its intended outcome; and 3. how it will impact businesses.

'''Brief description of the regulatory change''': Put in a '''clear and concise description''' so TBS analysts and future analysts can look at this and understand. The RCC does not use this information. Because the Calculator is designed to measure incremental business impacts, this description should focus on how the regulations would cause businesses to change the way they operate. For context purposes, the user may also wish to briefly describe the objectives of the regulation.  Never assume that a second party, who may review the Calculator, has access to supplemental documents such as the Regulatory Impact Analysis Statement. To the extent possible, make the RCC a stand-alone product that is easy to follow. In summary, the regulatory context should briefly describe: 1.what the regulation does; 2. what is its intended outcome; and 3. how it will impact businesses.

•'''Number of regulations repealed.''' This is a drop-down list. It is only filled if the regulatory changes selected is Multiple Repeal and Replace.

•'''Number of regulations repealed.''' This is a drop-down list. It is only filled if the regulatory changes selected is Multiple Repeal and Replace.

•'''Year of Registration'''. The year that your department anticipates the regulation will be registered. This is the ''Start Year of Analysis'' when entering periods in the the Activities Sheet.  

•'''Year of Registration'''. The year that your department anticipates the regulation will be registered. This is the ''Start Year of Analysis'' when entering periods in the the Activities Sheet.  

•'''Present Value Base Year'''. The is the year that impacts are discounted back to. Typically, this is the same as the registration year, but there is a option to use something different.

•'''Present Value Base Year'''. The is the year that impacts are discounted back to. Typically, this is the same as the registration year, but there is an option to use something different.

•'''Length of Analytical Period.''' This is the number of years over which you will estimate impacts. The Calculator can accommodate analyses up to 98 years. TBS policy requires a minimum ten years for Cost Benefit Analysis (CBA). The Red Tape Reduction Regulations require a ten-year period for INs and OUTs under the one-for-one Rule and cost estimates.

•'''Length of Analytical Period.''' This is the number of years over which you will estimate impacts. TBS policy requires a minimum ten years for Cost Benefit Analysis (CBA). The Red Tape Reduction Regulations require a ten-year period for INs and OUTs under the one-for-one Rule and cost estimates.

•'''Discount Rate'''. The percent per year that the value of future impacts will be reduced. This value should normally be set to 7% (real discount rate), as required by TBS CBA policy and the one-for-one rule and small business lens analysis. However, other discount rates can be used. This does not affect the One-for-One Rule calculation. By default, that uses 7%.

•'''Discount Rate'''. The percent per year that the value of future impacts will be reduced. This value should normally be set to 7% (real discount rate), as required by TBS CBA policy and the one-for-one rule and small business lens analysis. However, other discount rates can be used. This does not affect the One-for-One Rule calculation. By default, that uses 7%.