Thank you. I think Members of this House support the Minister's approach on that. Just so northerners really know some comparative values of our royalty regime in the Northwest Territories and royalty regimes in other parts of Canada, perhaps the Minister could give us some comparisons, if he has them available. Perhaps he can table some comparisons between the royalty regime here in the Northwest Territories and that of other provinces and territories in the country. Thank you.
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
In the Legislative Assembly on April 10th, 1995. See this topic in context.
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
Michael Ballantyne Yellowknife North
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
April 9th, 1995
Page 923
The Speaker Samuel Gargan
Minister of Economic Development and Tourism, Mr. Todd.
Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
John Todd Keewatin Central
Thank you, Mr. Speaker. I think that's an important question. I would like to elaborate on that by saying we're prepared to table not only tax regimes that are in Canada but tax regimes in the rest of the world, whether it's Chile, Australia or Brazil. These mining companies, and we're very sympathetic to them, are international in their focus in terms of where they get the best return for investment. I would suggest to you again that the current tax regime we have here is simply inadequate. We have to ensure that it's competitive so that the mining industry can move forward in its development and get a reasonable return for its investment for their shareholders. But, surely to goodness, all northerners have to equally get a return on investment, for taking these valuable resources out of our country. Thank you.
Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
The Speaker Samuel Gargan
Thank you. Supplementary, Mr. Ballantyne.
Supplementary To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
Michael Ballantyne Yellowknife North
Thank you, Mr. Speaker. I just want to confirm that the Minister will then table those comparisons here in the House.
Supplementary To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
The Speaker Samuel Gargan
Mr. Todd.
Further Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
John Todd Keewatin Central
Thank you, Mr. Speaker. Yes. While we don't currently have the legislative responsibility for oil, gas and minerals, we have done an enormous amount of work, internally, as to the options and looked at tax regimes and value-added components of this industry, right across the continent. I would be only too happy, Mr. Speaker, to table as quickly as I can the kinds of regimes that are in place both in Canada and across the continent. Thank you.
Further Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
The Speaker Samuel Gargan
Thank you. Supplementary, Mr. Ballantyne.
Supplementary To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
Michael Ballantyne Yellowknife North
I think it would be very useful to put it into some context so people can really see the royalty regime here compared to the rest of the country. If the information is available, I wonder if the Minister could table in this House the exact revenues, or as close an approximation as the Minister can find, presently received in royalties by the federal government. Thank you, Mr. Speaker.
Supplementary To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
The Speaker Samuel Gargan
Mr. Todd.
Further Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
John Todd Keewatin Central
Thank you, Mr. Speaker. That question was asked earlier last week by Mr. Antoine and I would be only too happy to table it, but I would also like to tell the Member that it is $13.4 million. Thank you.
Further Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
Page 923
The Speaker Samuel Gargan
Thank you. Item 6, oral questions. Mr. Patterson.