Goals, Objectives, Strategies, Core Business Areas and Performance Measures — Continued

Goal 2: Creating a tax and regulatory climate that stimulates economic growth

Objective	Strategy	Responsible Core Business Area
Establish a tax environment that encourages economic growth	• Review the tax system on an ongoing basis and consider changes to maintain and improve competitiveness
Support business development and investment	• Streamline and update the legislative and policy frameworks to reduce regulatory requirements and enable the electronic delivery of services

 

Objective	Performance Measure	Base 2002/03	Target
			2003/04	2004/05	2005/06
Establish a tax environment that encourages economic growth	• Provincial ranking of personal income tax rates for the bottom two tax brackets	Lowest	Lowest	Lowest	Lowest
	• Provincial ranking of the top personal marginal tax rate	In the lowest 3	In the lowest 3	In the lowest 3	In the lowest 3
Support business development and investment	• Number of regulatory requirements (2004/05 target is a 1/3 reduction from 2001/02 baseline of 40,307)	33,700 (-16%)	29,900 (-25%)	26,700 (-33%)	26,700 (-33%)
	• Per cent annual growth in business registrations	8.3%	5%	5%	5%
	• Percentage of company incorporations and registrations filed electronically	77%	85%	90%	100%