On 1 October 2012, the Government of Canada released the Red Tape Reduction Action Plan, which was a product of a year-long Red Tape Reduction Commission. The Red Tape Reduction Action Plan consists of six wide ranging reforms, supported by 90 department specific changes. The wide ranging reforms include:
- a one-for-one rule which requires regulators to offset new burdens imposed on business with equal reductions in compliance burden from the stock of existing regulation. This rule will be provided for in legislation;
- the publication of departmental Forward Plans, which will highlight upcoming regulatory changes over a 24 month period; and
- an annual scorecard will report publicly on implementation of systemic reforms, particularly the one-for-one rule.