Thank you, Mr. Speaker. My question is for the Minister of Finance. It is with regard to the issue of the northern accord. There are Members in this House who are really pushing to have this northern accord concluded by May or June. I have some concerns about that. The northern accord is supposed to generate revenue for this government. Yesterday, the Government Leader stated that she told the mining conference that it is going to generate money to Education, Health and Social Services, et cetera. In the research I am doing, the present regime won't really generate that much money to any government. What is the percentage of royalties the federal government gets from all the oil, gas and mineral activity that is going on in the Northwest Territories today? Thank you.
Question 290-12(7): Federal Royalties To NWT From Mining Activities
In the Legislative Assembly on March 9th, 1995. See this topic in context.
Question 290-12(7): Federal Royalties To NWT From Mining Activities
Item 6: Oral Questions
Page 561
Jim Antoine Nahendeh
Question 290-12(7): Federal Royalties To NWT From Mining Activities
Item 6: Oral Questions
Page 561
The Speaker Samuel Gargan
Minister of Finance, Mr. Pollard.
Question 290-12(7): Federal Royalties To NWT From Mining Activities
Item 6: Oral Questions
Page 561
John Pollard Hay River
Mr. Speaker, I would ask that the Minister of Energy, Mines and Petroleum Resources answer the question. He is the lead Minister on the northern accord, Mr. Speaker. Thank you.
Question 290-12(7): Federal Royalties To NWT From Mining Activities
Item 6: Oral Questions
Page 561
The Speaker Samuel Gargan
Minister of Energy, Mines and Petroleum Resources, Mr. Todd.
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
Page 561
John Todd Keewatin Central
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.
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
Page 561
The Speaker Samuel Gargan
Thank you. Supplementary, Mr. Antoine.
Supplementary 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
Page 561
Jim Antoine Nahendeh
Thank you, Mr. Speaker. I would like to thank the Minister for that reply. However, I was asking more of a technical question and he may not have it at his fingertips. What is the 12 per cent in terms of dollars? Thank you.
Supplementary 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
The Speaker Samuel Gargan
Mr. Todd.
Supplementary 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
Page 561
John Todd Keewatin Central
Thank you, Mr. Speaker. That is a good question. I am afraid I will have to take that question as notice. I don't want to give an inaccurate response, but I believe it is somewhere in the $8 million to $9 million range. But I would prefer to take that question as notice, and then give the Member a more accurate reflection of the current revenue that is raised under the present mining regime. Thank you.
Supplementary 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
Page 561
The Speaker Samuel Gargan
Thank you. Item 6, oral questions. Mr. Ningark.