Mr. Speaker, with respect to my colleague's question about track records, I will speak specifically to the subject matter of this bill, the government's ability to ensure the health and safety of Canadians while reducing the compliance burden on small business.
The one-for-one regulatory plan, as of June 14, 2014, has resulted in a net annual reduction of over $22 million in the administrative burden on businesses, and is estimated to have saved about 290,000 hours annually in time spent dealing with regulatory red tape, and has seen a net 19 federal regulations taken off the books.
As someone with a small business background and who has seen what small business needs to survive, I think this particular piece of legislation, which says “We're going to put stability, predictability, and efficacy at the core of how we approach regulations”, is something that small businesses across Canada can cheer for.