Thank you, Mr. Speaker. I think the people in the Northwest Territories certainly benefit, as do all Canadians, in that there is a tax cut for wage earners both at the lower and middle income, as well as at the higher income.
In the case of lower and middle income, it is cutting the percentages down over a period of three or four years. In the case of higher income earners, there is a gradual reduction of the five percent surtax. However, over five years that would disappear. Mr. Speaker, that would be the main way people in the North will benefit.
In terms of businesses in the North, there is also a benefit in the corporate taxes are gradually being reduced as well. In the case of smaller businesses, the rate will decrease from 28 percent down to 21 percent in a fairly short period of time.
This, very broadly, is the impact benefit to our people. In terms of how the government benefits from this budget, it does not provide us with the money we had asked for and hoped to see in the budget. That money was primarily in the areas of health and social services, our social costs, and the ability that would give us for capacity building.
The other area, in terms of infrastructure; while there is a provision in the budget for some infrastructure money, it is not adequate to meet the kind of infrastructure that we need, particularly in transportation.
That would be the main impact. I could go on with some of the more minor adjustments that have been made in this budget to give us some benefit, but I will not get into all of these details unless it is the wish of the Member. Thank you.