I stand to be corrected, but I believe at the present time that the royalty regime is somewhere around 12 per cent. The Member is correct, under the current regime, the benefits to the Northwest Territories and to all people are minimal. That is why we are moving forward in an orderly and, hopefully, cooperative way to reach a satisfactory arrangement with the aboriginal groups and then move forward to the federal government and try to have this responsibility transferred. That way, we can look at a new royalty tax regime that would be far more benevolent to the Northwest Territories and the federal government than the current one is. Thank you.
John Todd on Question 290-12(7): Federal Royalties To NWT From Mining Activities
In the Legislative Assembly on March 9th, 1995. See this statement in context.
Return To Question 290-12(7): Federal Royalties To Nwt From Mining Activities
Question 290-12(7): Federal Royalties To NWT From Mining Activities
Item 6: Oral Questions
March 8th, 1995
Page 561
John Todd Keewatin Central
See context to find out what was said next.