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=== <big>'''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 built-in formulas and functionalities from Excel 365. The user enters key information (inputs) regarding requirements of a regulatory initiative in order to estimate compliance and administrative costs imposed on stakeholders (outputs) in a manner consistent with TBS guidance and policies.

The Calculator’s purpose is to provide federal departments and agencies with a standardized tool to conduct the analysis required for the one-for-one rule (the Rule), the small business lens (SBL) and cost-benefit analysis (CBA). For the Rule, regulatory departments are to use the Calculator to quantify and monetize increases or decreases in administrative burden costs. For the SBL, the role of the calculator is to help quantify and monetize both compliance and administrative costs imposed on small business. Regulators can also use the Calculator to estimate costs of a regulation on non-business stakeholders (governments and individuals) as part of a more comprehensive cost-benefit analysis.

The Calculator’s purpose is to provide federal departments and agencies with a standardized tool to conduct the analysis required for the one-for-one rule (the Rule), the small business lens (SBL) and cost-benefit analysis (CBA). For the Rule, regulatory departments are to use the Calculator to quantify and monetize increases or decreases in administrative burden costs. For the SBL, the role of the calculator is to help quantify and monetize both compliance and administrative costs imposed on small business. Regulators can also use the Calculator to estimate costs of a regulation on non-business stakeholders (governments and individuals) as part of a more comprehensive cost-benefit analysis.