Canadian Youth Business Foundation Supports the Government of Canada’s Red Tape Reduction Commission Announcement

January 13, 2011

Toronto,  ON – January 13, 2011 – The Canadian Youth Business Foundation  (CYBF) applauds the federal government’s formation of the Red Tape Reduction  Commission (RTRC), a commission tasked with identifying regulatory irritants  and solutions to the compliance burden facing small business owners.

The Commission was announced today at a  Canadian Federation of Independent Business (CFIB) press conference with Prime  Minister Stephen Harper and Rob Moore, Minister of State (Small Business and  Tourism) in attendance. The announcement was made in conjunction with the second  annual Red Tape Awareness Week, an initiative organized by CFIB aimed at raising  public awareness about the negative impact of excessive regulation.

“The creation of this Commission will  enable the success of young entrepreneurs in Canada,” said Vivian Prokop, chief  executive officer of the Canadian Youth Business Foundation. “Complex  regulations and administrative procedures, together with excessive taxation,  often discourage young people from considering entrepreneurship.”

“A commitment towards a permanent  reduction of the regulatory compliance burden will help encourage the growth  and prosperity of young entrepreneurs, and demonstrate the Government of  Canada’s belief in entrepreneurship,” said Prokop. “Congratulations to both  CFIB and the Government of Canada on this ground-breaking initiative.”

Research conducted by CFIB estimates  that regulations and paper burden cost the Canadian economy $30.5 billion a  year.

For more information on CFIB’s Red Tape  Awareness Week visit

For more information on the Commission,  visit



About CYBF – Canada’s  Entrepreneur Gateway
The  Canadian Youth Business Foundation (CYBF) is the ‘go to’ place for youth  entrepreneurship. As a national charity, we are dedicated to growing our  nation’s economy one young entrepreneur at a time. We look at character not  collateral, when providing youth, age 18-34, with pre-launch coaching, business  resources, start-up financing and mentoring, to help them launch and sustain a  successful entrepreneurial business.

CYBF Media  Contact:
Rachel Azagury
Senior Manager, Marketing and Communications, CYBF
866-646-2922  x2111