Changes

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 annual average consumer price index 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>'''Purpose of this Guide'''</big> ===

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