Thank you, Mr. Chair.
Minister, we hear from constituents in small businesses in our communities about the burden they face with filing tax returns, the red tape associated with that. This is especially true of the small and medium-sized businesses in our communities that are the largest job providers, as you know. The Canadian Federation of Independent Business estimates that businesses currently spend over $30 billion a year in complying with regulations.
Our government has done a lot to reduce the number of regulations that businesses have to comply with and the paperwork burden associated with that, but Bill C-47 goes further and it includes two important measures. I was wondering if you could elaborate for this committee the steps this bill takes to reduce that paperwork burden even further.