Thank you, Mr. Speaker. Mr. Speaker, is the Minister stating there are no regulations that are legislated, or he is not sure? Thank you.
Debates of Oct. 2nd, 1997
Topics
Supplementary To Question 568-13(4): Regulations For Health Equipment
Question 568-13(4): Regulations For Health Equipment
Item 6: Oral Questions
Page 1381
Kevin O'Brien Kivallivik
Supplementary To Question 568-13(4): Regulations For Health Equipment
Question 568-13(4): Regulations For Health Equipment
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Mr. Ng.
Further Return To Question 568-13(4): Regulations For Health Equipment
Question 568-13(4): Regulations For Health Equipment
Item 6: Oral Questions
Page 1381
Kelvin Ng Kitikmeot
Thank you, Mr. Speaker. Mr. Speaker, I am not certain if there are regulations or legislative requirements in respect to minimal or mandatory equipment to be provided. I will check into the matter and see if that is the case and advise the Member. Thank you.
Further Return To Question 568-13(4): Regulations For Health Equipment
Question 568-13(4): Regulations For Health Equipment
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Thank you. Oral questions. Mr. Picco
Question 569-13(4): Tax Break For Low-income Residents
Item 6: Oral Questions
Page 1381
Edward Picco Iqaluit
Thank you, Mr. Speaker. Mr. Speaker, the Minister of Finance has spoken about tax regimes. I would like to ask the Minister, will he look at implementing a territorial tax break for single parents and low income families? Thank you, Mr. Speaker.
Question 569-13(4): Tax Break For Low-income Residents
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
The Minister of Finance, Mr. Todd.
Return To Question 569-13(4): Tax Break For Low-income Residents
Question 569-13(4): Tax Break For Low-income Residents
Item 6: Oral Questions
Page 1381
John Todd Keewatin Central
My honourable colleague actually raised this issue with me earlier in the year with respect to the possibility of looking at a tax break for low income single parent families. We are looking at that right now. I cannot commit today as to whether we would put it into the January budget, but we are certainly taking a serious look at it, recognizing that on the low end income side, families are hurting and suffering out there. There may be a way to put something in place that would assist them, as has been done in other jurisdictions like BC. Thank you.
Return To Question 569-13(4): Tax Break For Low-income Residents
Question 569-13(4): Tax Break For Low-income Residents
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Oral questions. Mr. Ootes.
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
October 1st, 1997
Page 1381

Jake Ootes Yellowknife Centre
Thank you, Mr. Speaker. My question is for the Premier, regarding the Aurora Fund. One year ago, the Cabinet approved this fund, and it came into being approved by the federal government one year ago. The object was to raise $30 million dollars for this fund. I understand that the Premier made a trip to the Orient to raise and promote this fund and that he was fairly successful in this. Perhaps he could tell us today how much is in the so-called bank in this fund? Not what is committed, just what is in the bank todate? Thank you, Mr. Speaker.
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Mr. Premier.
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
Don Morin Tu Nedhe
Thank you, Mr. Speaker. I will request Mr. Todd to answer that question. He is in charge of the Aurora Fund.
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Thank you. The Minister of Finance, Mr. Todd.
Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
John Todd Keewatin Central
Thank you, Mr. Speaker. I think it is important to understand how the Aurora Fund is set up. It is not set up as a bank. It is set up as system where immigrants are prepared to invest money in the Canadian north. Based upon them meeting certain criteria and certain security checks, they then receive a passport into Canada, as is done in pretty well all jurisdictions across Canada from British Columbia to Quebec. As the potential new immigrants come into the system, the money comes into the system and goes into an escrow account. We have a manager of the Aurora Fund who then reviews applications with the investment committee. As the money flows in, it then flows out with respect to the investments that may be on the books that the management investment committee have recommended. I do not know if that has answered the question of my colleague, but that is it.
Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Supplementary, Mr. Ootes.
Supplementary To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381

Jake Ootes Yellowknife Centre
Thank you, Mr. Speaker. On a point of order, the Minister did not answer my question. The question was, how much has been put in the bank? If I may get the extra question in, because I have a number of them. Thank you.
Supplementary To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
The Speaker Samuel Gargan
Mr. Todd.
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1381
John Todd Keewatin Central
Maybe I need a flip-chart and a magic marker. I am trying to explain to my colleague how it works. It does not work like a bank. The flow of money comes in, applications are received as it comes in, it goes out. It only
stays temporary in an escrow account. The investor wants to see his money invested so he gets a return on investment so then he can get his passport to reside in Canada. It is that simple.
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
The Speaker Samuel Gargan
Thank you. The Member does not have a point of order to receive further questions. You have three supplementaries. It is up to the Member to use those supplementaries to receive a response from the Ministers. This is your third supplementary, Mr. Ootes.
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
The Speaker Samuel Gargan
I am sorry, Mr. Ootes. On your point of order, you did ask a second question. This is your third supplementary. Mr. Ootes.
Supplementary To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382

Jake Ootes Yellowknife Centre
Thank you, Mr. Speaker. I understand the government was trying to raise a total of $30 million for this fund and that commitments were made because of certain efforts that Ministers of the government had put into it. I wonder if the Minister could tell us how much has actually been received of those commitments? Thank you.
Supplementary To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
The Speaker Samuel Gargan
Mr. Todd.
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
John Todd Keewatin Central
Thank you, Mr. Speaker. I am pleased to announce we are now on the second immigration fund, and they are currently out there selling it in Asia and some parts of the Arabian countries like Saudi Arabia, et cetera. The first fund has been concluded and we are now on to the second fund, Aurora Fund Two. Hopefully it will be as successful as the first fund. Thank you.
Further Return To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382
The Speaker Samuel Gargan
Oral questions. Final supplementary, Mr. Ootes.
Supplementary To Question 570-13(4): Aurora Investment Fund Status
Question 570-13(4): Aurora Investment Fund Status
Item 6: Oral Questions
Page 1382

Jake Ootes Yellowknife Centre
Thank you, Mr. Speaker. From what the Minister stated, I have to interpret that $30 million was raised in the cash flow system. I wonder if the Minister could tell us if a report will be issued as to how that funding has been injected and to what companies or organizations that will be distributed to in the Northwest Territories. Thank you.