The Government of Canada is committed to fostering innovation in its approach to regulations, striving to bring value to businesses while maintaining world-class health, safety and security protections for Canadians and the environment.
The President of the Treasury Board of Canada announced today that the new Centre for Regulatory Innovation is fully operational. The Centre is dedicated to helping business and industry launch novel products and services into the marketplace.
A commitment from 2018's Fall Economic Statement, the Centre will guide Canadian businesses through the federal regulatory system and help them connect with relevant regulatory bodies. As well, the Centre will have the role of helping regulators undertake experiments that can help industry bring applications of new and emerging technologies into the Canadian marketplace and support their competitiveness.
Setting up the Centre is one of several regulatory modernization actions the Government is taking to ensure that the regulatory system can keep pace with advances in technology. Other initiatives to modernize regulations or reduce the administrative burden on businesses include Targeted Regulatory Reviews, the work of the External Advisory Committee on Regulatory Competitiveness and the review of the Red Tape Reduction Act.
Quotes
"As the Government outlines its economic and social recovery priorities, for the benefit of all Canadians, we are looking at ways that modernizing the regulatory system can support Canada's recovery. We believe the Centre for Regulatory Innovation is one of those tools that can strengthen Canada's competitive advantage, now and in the future."
-The Honourable Jean-Yves Duclos, President of the Treasury Board
"Small businesses are the lifeblood of communities and the backbone of the economy. This is a great resource for them, particularly start‑ups and small to medium-sized enterprises who want to bring new and emerging technologies into the Canadian marketplace. The Centre for Regulatory Innovation acts as both a convener and focal point to connect businesses with regulators."
-The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade
Quick facts
- The Centre for Regulatory Innovation was a government commitment made in the Fall Economic Update 2018 and started operating in September 2019.
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It received $11.4 million in funding over five years to support its objectives and $3.2 million per year ongoing to enable business and the government to work together to develop and implement regulatory experimentation approaches that encourage innovation, but do not compromise consumer trust and confidence.
