Bill S-7: Cutting Red Tape for All Canadians Act

This bill touches an exceptionally wide range of Canadian businesses. Farmers and agricultural producers will find streamlined advance payment programs and clearer marketing board rules. Small businesses facing insolvency get a new simplified 'small business proposal' procedure under the Bankruptcy and Insolvency Act that could help them restructure without the full complexity of existing proposal processes. Companies in the explosives, marine transportation, railway, and radiocommunications sectors face new or updated administrative monetary penalty schemes, higher fines, and new compliance obligations. Boards of trade and chambers of commerce across the country must adapt to updated governance rules — including financial disclosure requirements tied to annual revenue thresholds — with changes taking effect one year after Royal Assent. Food exporters benefit from removed duplicative certification requirements. Businesses regulated by the Canadian Food Inspection Agency or Environment Canada will increasingly be able to meet compliance obligations electronically. Canada Lands Surveyors and survey firms face a modernized complaints and discipline process with stronger public protection measures.