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'''<big>Archived information</big>'''

'''<big>Archived information</big>'''

Information identified as archived is provided for reference, research or record-keeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.</blockquote>

Information identified as archived is provided for reference, research or record-keeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.</blockquote>

== Introduction ==

==Introduction==

On January 29, 2014, the Government of Canada introduced the ''Red Tape Reduction Act'' in Parliament to control the administrative burden that regulations impose on business.  The ''Act'' received Royal Assent on April 23, 2015, which  fulfills a commitment made in the Government's October 2012 Red Tape Reduction Action Plan and reaffirmed in the October 2013 Speech from the Throne.

On January 29, 2014, the Government of Canada introduced the ''Red Tape Reduction Act'' in Parliament to control the administrative burden that regulations impose on business.  The ''Act'' received Royal Assent on April 23, 2015, which  fulfills a commitment made in the Government's October 2012 Red Tape Reduction Action Plan and reaffirmed in the October 2013 Speech from the Throne.

The One-for-One Rule is one of six systemic reforms under the Red Tape Reduction Action Plan. The Action Plan committed to reducing regulatory burden on Canadians and businesses, making it easier to do business with regulators and improving service and predictability in the federal regulatory system.

The One-for-One Rule is one of six systemic reforms under the Red Tape Reduction Action Plan. The Action Plan committed to reducing regulatory burden on Canadians and businesses, making it easier to do business with regulators and improving service and predictability in the federal regulatory system.

== Highlights ==

== Highlights==

* The ''Red Tape Reduction Act'' helps to permanently control federal regulatory red tape.

* The ''Red Tape Reduction Act'' helps to permanently control federal regulatory red tape.

* During its first two years of implementation, the One-for-One Rule provided a successful, system-wide control on regulatory red tape impacting business.

*During its first two years of implementation, the One-for-One Rule provided a successful, system-wide control on regulatory red tape impacting business.

* Between 2012 and June 2014, under the One-for-One Rule, the Government has reduced the net annual administrative burden on business by over $22 million, resulting in an estimated annual savings of 290,000 hours in time spent dealing with regulatory red tape, and has achieved a net reduction of 19 regulations taken off the books.

* Between 2012 and June 2014, under the One-for-One Rule, the Government has reduced the net annual administrative burden on business by over $22 million, resulting in an estimated annual savings of 290,000 hours in time spent dealing with regulatory red tape, and has achieved a net reduction of 19 regulations taken off the books.

* Canada is now the first country in the world to legislate the One-for-One Rule to control regulatory red tape.

*Canada is now the first country in the world to legislate the One-for-One Rule to control regulatory red tape.