These two words are daggers in the hearts of many entrepreneurs. But a freshly issued report card from the Canadian Federation of Independent Business suggests some provinces are a lot wore than others—and some really aren't that bad. Rating each province via high-school style letter grades, this report card isn't exactly one you'd wanna stick on your refrigerator or brag to mom about.
This province scored no brownie points with the CIFB and suffered a degrading F.
With no political leadership, public report, or commitments to improve, Albert is hit with the red tape F-bomb.
What did you expect?
Northwest Territories: F
Prince Edward Island: D
Not much to say here. The island is plagued by red tape, and with no commitments for a brighter future, it's given a poor score of D.
New Brunswick: C-
With semi-decent leadership and slightly reduced constraints on regulators, New Brunswick scrapes by with a passing grade of C-.
In what should be one of the best provinces, Ontario disappoints big time with a barely passing C-, but future prospects look brighter.
A target to reduce red tape by 20 percent by 2010 in eighteen government department and agencies earns the francophones a C+.
An up-and-comer, this prairie province scored a C+ after becoming the first province to declare Red Tape Awareness Week.
Federal Government: C+
Overall, Canada scores a C+, slightly above the average grade for individual regions. A previous commitment to reduce paperwork burden by 20 percent was set in 2007 but not achieved until 2009.
Perhaps the dark horse of the report card, quiet Newfoundland scored enough points to earn a solid B.
Nova Scotia: B
The government has committed to a 20 percent reduction in the “paperwork burden” by the end of 2010 (15 percent of that target achieved in October 2009), earning a strong B.
British Columbia: B+
Not only does the West Coast boast one of Canada' most enviable lifestyles, B.C. scores a remarkable B+ thanks to a commitment to reduce regulatory requirements by one-third was achieved in 2004, and a current commitment to maintain a zero net increase in regulations extending through 2012.