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It should be noted that progress under the Rule has continued in 2013–2014 with a cumulative reduction in administrative burden of almost $20 million and a net reduction of 19 regulations as of December 12, 2013.
 
It should be noted that progress under the Rule has continued in 2013–2014 with a cumulative reduction in administrative burden of almost $20 million and a net reduction of 19 regulations as of December 12, 2013.
[[File:Graph 3.1 Government-wide balance under the One-for-One Rule as of March 31, 2013.jpg|center|thumb|The administrative burden balances under the One-for-One Rule as of March 31, 2013, are: OUTs - $3,460,459; INs - $533,191; Net Balance - $2,927,268]]
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!Graph 3.2 Administrative burden balances by portfolio as of March 31, 2013*
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|Figures are based on estimates for increases or decreases in costs of administrative burden for all regulatory changes approved by the Governor in Council and published in the Canada Gazette between April 1, 2012, and March 31, 2013.
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=== Portfolio-level results ===
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<blockquote style="background-color: lightblue; border: solid thin grey;">“Reducing the regulatory burden on businesses would free up time and money that business owners could use more efficiently, for example to buy new equipment, develop plans for business growth and explore new markets.”
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Canadian Federation of Independent Business, ''Canada’s Red Tape Report with U.S. Comparisons'', 2013</blockquote>The One-for-One Rule requires ministers to manage their balances of administrative burden on a portfolio basis. This means that ministers must offset regulatory changes that impose new administrative burden on business with other regulatory changes from within their portfolios that reduce it.
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In the first year of implementation, all six portfolios that published final, GIC-approved regulatory changes with administrative burden implicationsSee footnote[4] reduced the overall burden of their regulations (see Graph 3.2).
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[[File:3 2-eng.jpg|thumb|Graph 3.2 – Administrative burden balances by portfolio as of March 31, 2013. Figures are based on estimates for increases or decreases in costs of administrative burden for all regulatory changes approved by the Governor in Council and published in the Canada Gazette between April 1, 2012, and March 31, 2013.]]
 
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