Mr. Chairman, when our eligible revenues went down, the grant from Canada went up. With the suspension of that fail-safe provision this year, there will not be a safety net there for us if our eligible revenues go down. Conversely, Mr. Chairman, if our eligible revenues go up, then we should not suffer on the way up. It's the "fail-safing" going down, when our eligible revenues go down, that is of concern to us, particularly in the area of corporate income tax, which is a volatile commodity and has shown peaks and valleys over the years. That's where our main concern is, Mr. Chairman. Thank you.
John Pollard on Committee Motion 41-12(7): To Adopt Recommendation 14, Carried
In the Legislative Assembly on April 12th, 1995. See this statement in context.
Committee Motion 41-12(7): To Adopt Recommendation 14, Carried
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
April 11th, 1995
Page 1003
John Pollard Hay River
See context to find out what was said next.