On January 29, 2014 , the Government of Canada introduced the Red Tape Reduction Act in Parliament to control the administrative burden that regulations impose on business. The Act received Royal Assent on April 23, 2015 , which fulfills a commitment made in the Government's October 2012 Red Tape Reduction Action Plan and reaffirmed in the October 2013 Speech from the Throne.

The One-for-One Rule, which came into effect on April 1, 2012 , places strict controls on the growth of regulatory red tape on business. Under the One-for-One Rule, for every new regulation added that imposes an administrative burden on business, one must be removed.

The One-for-One Rule is one of six systemic reforms under the Red Tape Reduction Action Plan. The Action Plan committed to reducing regulatory burden on Canadians and businesses, making it easier to do business with regulators and improving service and predictability in the federal regulatory system.