Red tape slows business down.
For the past ten years the Canadian Federation of Independent Business has studied and reported on the impact government red tape has on business. Red tape means lower incomes, less economic growth and hundreds of thousands of hours and billions of dollars are wasted every year. The annual cost of all regulations on businesses in Canada is pegged at $37 billion per year, with one-third of that ($11 billion) considered red tape, according to a 2015 report by CFIB.
- Check out the CFIB’s recent report: 2019 Red Tape Report Card: is your government making regulation better or worse?
- Read more: From the Financial Post: Every small business owner in the country has a red tape story.
We believe in doing our part to reduce red tape.
In our business, we’ve streamlined our process so funding decisions can be made faster. Your business growth often depends on getting the equipment you need fast. Our credo: More speed, less red tape. Read more about our process here or contact us today to see how we can help you.