All those abstaining, please rise. The results of the recorded vote: 14 in favour, one opposed, zero abstentions. The motion is carried.

---Carried

Bill 16 has had its third reading. Third reading of bills. Mr. Clerk, orders of the day.

All those opposed, please rise.

Question has been called. The Minister has requested a recorded vote. All those in favour, please rise.

Thank you, Member for Frame Lake. The motion is in order. To the motion.

Merci, Monsieur le President. Most Members will know that I am a man of principle, and I am going to stand on principle today with regard to this bill. Look, I support small business. You heard me earlier today make a Member's statement in support of the tourism sector. I spend a lot of my time in the south supporting small business. I am concerned, though, about the lack of effort on the part of my Cabinet colleagues to actually deal with the revenue side of our financial situation. I just don't really detect that there is much effort in a lot of work that is being done on the revenue side.

In discussing the bill here on the floor and in committee, I know now, and the public knows, that we are going to lose revenues as a result of this. We are going to lose $1.4 million, but there is no effort being made whatsoever to try to replace that revenue. I made a couple of suggestions to the Minister: increasing the number of tax brackets for personal income tax, or even continuing the rental charges in the current exploration licence for Husky Oil into the significant discovery licence; easy ways to, I think, and certainly the second one, come up with the lost revenues here.

Perhaps even more importantly, for me, Mr. Speaker, this is an issue of fairness. I asked the Minister very clearly: why are we doing this? The response was so that we could remain competitive. We wanted to be in line with other jurisdictions. I don't detect that that fairness principle or concept is being applied across all of our tax regime. We have cherry-picked one item to make us all look very popular, and I just don't think that that's an appropriate way to go. I don't think it's even good financial management.

For all of those kinds of reasons, Mr. Speaker, I am going to vote against this bill. If some want to characterize this as me being anti-business, let them go ahead. This is about tax fairness and making sure that we replace the revenue and that we apply that concept of fairness across all of our taxation. The last thing I want to say is that this will not benefit businesses right now because it only takes effect on January 1^st of this year. It's not going to help businesses with a big part of what happened with the pandemic. Maybe they'll get some tax savings at the end of this year. That would be helpful for them, but this is not about pandemic relief. Mr. Speaker, for all of those reasons, I will be voting against the bill. Thank you.

Thank you, Minister. The motion is in order. To the motion. Member for Frame Lake.

Mr. Speaker, I move, seconded by the honourable Member for Nahendeh, that Bill 16, An Act to Amend the Income Tax Act, be read for the third time, and, Mr. Speaker, I request a recorded vote. Thank you, Mr. Speaker.

Question has been called. All those in favour? All those opposed? Abstentions? The motion is carried.

---Carried

Bill 16 has had second reading and is referred to the Standing Committee of the Legislative Assembly for review. Second reading of bills. Item 20, consideration in Committee of the Whole of bills and other matters: Bill 15, Miscellaneous Statute Law Amendment Act, 2020; Committee Report 4-19(2), Standing Committee on Government Operations Report on the Review of the 2018-2019 Northwest Territories Human Rights Commission Annual Report; Committee Report 5-19(2), Standing Committee on Government Operations Report on the Review of the 2018-2019 Annual Report of the Information and Privacy Commissioner of the Northwest Territories; Minister's Statement 77-19(2), National Housing Co-investment Fund; Tabled Document 165-19(2), Government of the Northwest Territories Response to Committee Report 1-19(2), Report on Long-term Post-Pandemic Recovery, Recommendations to the GNWT; Tabled Document 166-19(2), Government of the Northwest Territories Response to Committee Report 2-19(2): Report on the Long-term Post-Pandemic Recovery, Recommendations to the GNWT; Tabled Document 181-19(2), Capital Estimates 2021-2020, with Member for Hay River South in the chair.

To the principle of the bill.

Thank you, Madam Speaker. I just would like to rise in support of this bill. I am sure my colleague, Mr. Simpson, is happy to see that this bill will pass first reading today and we will, ultimately, I believe, lower the small business tax rate. I really think the backbone of our NWT economy in recovery must be our small business. As we enter into a world and compete in a world where capital increasingly gets held in the hands of large businesses, I think we as government have to do everything we can to support our small businesses. Thank you, Madam Speaker.