Canadian Businesses Lose 256 Hours Annually to Bureaucratic Red Tape: Business Association

A help wanted sign hangs in a bar window along Queen Street West in Toronto on June 10, 2022. REUTERS/Carlos Osorio/File Photo

Canadian small businesses dedicated 735 hours to regulatory tasks last year with more than 250 of those hours spent navigating governmental red tape, according to a new report.

This translates to a total of 92 business days lost to regulatory tasks and 32 days consumed by bureaucratic red tape, according to the report released by the Canadian Federation of Independent Business (CFIB) in partnership with Intuit QuickBooks.