Competitiveness Assessment Tool: Let’s Talk Federal Regulations

From August 22, 2022, to September 30, 2022, the Government of Canada invited stakeholders to share their views to help inform the development of the Competitiveness Assessment Tool (CAT). The CAT is being developed to assist federal regulators to assess the impacts of their regulations on the competitiveness of Canadian businesses. As regulators are developing or updating regulations to meet the objectives of the individual regulations (e.g., protecting the environment, health and safety), the CAT outlines considerations to limit unintended impacts on the competitiveness of Canadian businesses. The CAT brings into one ‘checklist’ key considerations that Canadian businesses told us can create negative impacts on competitiveness. The intent of this tool would be for regulators to identify opportunities to improve competitiveness at any stage.