Then they scrapped that legislation. It became part of a long list of abandoned promises. Provincially, the NDP government in BC has added a staggering 3,675 new regulations since 1991. This is an enormous drain on scarce resources. For every one dollar the government spends on regulations, businesses typically spend about twenty in compliance costs.
Canadian firms compete in the world.
We cannot stand by while other countries leapfrog over us with trimmed down tax regimes, increased productivity, and real encouragement for knowledge based industries. If we want our children to live and work here, we must provide the incentives for them to stay, because other countries are creating incentives for them to leave. This Liberal government has demonstrated that its strategy is to hope that visionary Canadians will succeed globally in spite of their government. We can do better. Start with politics.