That comes from a survey of our small business members that we do, when we ask them the time it takes to comply: the time their staff spends in complying, and the money they spend on things like accountants to comply with the rules. It's an estimate of the cost of regulation to Canadian business. That's not Canadians overall, but Canadian businesses of all sizes. It's a basement, a very conservative estimate of the cost. Any time we had to make an assumption, we made a conservative assumption, and there are things that are not included in our estimate.
On February 5th, 2019. See this statement in context.