Thank you, Mr. Chairman. Mr. Chairman, the act currently allows us to rebate property taxes in the general taxation area if one senior is listed as a co-owner. However, the same act directs that for seniors in the municipal taxation area both the co-owners must be seniors. The difference in the GTA is you only need one senior if you have two co-owners. In the MTA, you need two seniors.
This is a discrepancy which is right in the legislation. It is not something the department is utilizing any discretion in terms of a policy within the department. We have been consulting with the seven municipal taxation authorities on what the impact would be on changing this legislation. We were consistent with the GTA where you would only need one senior.
Of course there would be a financial impact to those municipalities because that tax relief is shared 50/50 between the GNWT and the taxing authority. We are consulting with those municipal taxing authorities and that is where we are at with it, Mr. Chairman. Thank you.