17 November 2010 14:38 [Source: ICIS news]
TORONTO (ICIS)--High regulatory costs in ?xml:namespace>
According to a joint report sponsored by the groups, each Ontarian paid on average about Canadian dollar (C$) 4,500 ($4,400)/year for the regulatory and permitting system – over C$1,000/year more than they pay for healthcare.
The groups called on the government to create a system to coordinate and oversee the regulatory process.
Furthermore, the government should conduct “impact analyses” before adopting new regulations, and regulators would need to have better training, they said.
($1 = C$1.02)
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