Alberta’s government continues to deliver on its promise to cut red tape and make it as easy as possible for businesses to operate, create jobs and drive Alberta’s economy forward – a key goal of Alberta’s Recovery Plan.
Bill 62, the Red Tape Reduction Implementation Act, 2021, would create greater efficiencies, faster approvals and save both time and money for our job creators when they need it most.
“These amendments support economic growth, our innovators and our job creators. Now more than ever, it is important that we continue to cut red tape and make it as easy as possible for businesses to expand and create jobs.”
The proposed Red Tape Reduction Implementation Act, 2021 includes amendments to eight legislative items, including:
- Supporting the construction industry by establishing clear rules for the adjudication process and clarifying the types of jobs and the professions to which Alberta’s prompt payment rules will apply.
- Expanding Travel Alberta's mandate, giving the agency a more active role working directly with communities, business and entrepreneurs to develop new tourism destinations, products and experiences in Alberta.
- Harmonizing Alberta securities laws with other Canadian jurisdictions, enhancing existing protections for investors and expanding opportunities for companies to raise capital more efficiently in Alberta.
“The Consulting Engineers of Alberta appreciate the stakeholder engagement process and thank the government for acting to address one of the major risks in the design and construction industries which impacts business owners, employees and suppliers. The proposed changes provide our members with confidence they will be paid in a timely manner for professional services and will have access to an adjudication process for any payment disputes.”
“Evolving the role of Travel Alberta from that of a destination marketing to a destination management organization is foundational to the recovery, growth, innovation and investment in Alberta’s visitor economy. TIAA fully supports this move and believes the purposeful pursuit of new tourism product and destination development opportunities will forever change the economic prospects of communities, and the experiences of visitors.”
Reducing unnecessary red tape is a key component of Alberta's Recovery Plan, which takes bold action to create jobs and get people back to work, build infrastructure and diversify the economy.