The biggest impact of this payroll tax on the plus side on the balance sheet, is this year, the first year that it is going to be imposed. That makes the current Minister look very good in achieving his balanced budget. However, the impact is not so good in future years, in 1994-95, when the net on the books is only going to be $2.2 million. This fiscal year, 1993-94, the net is going to be $7.9 million or thereabouts. I am wondering, in future years how do they propose to make up that difference of $7 or $8 million on the revenue side of the ledger sheets.
Fred Koe on Bill 27: Payroll Tax Act, 1993
In the Legislative Assembly on April 2nd, 1993. See this statement in context.
Bill 27: Payroll Tax Act, 1993
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
April 2nd, 1993
Page 1465
Fred Koe Inuvik
See context to find out what was said next.