Thank you, Mr. Chairman. Mr. Chairman, in regard to Bill 13, I did raise concerns in committee on this bill. My concern is that with the existing formula financing arrangement we have with Ottawa where the federal government receives 80 percent of any corporate taxes and the revenues we generate, I think what we are doing is going to continue to improve the financial coffers in Ottawa.

I think we have to somehow maximize those corporate dollars and the taxes that are paid in the Northwest Territories so they stay in the Northwest Territories so we can reinvest in the Northwest Territories. I know that the Minister has basically stated that we are looking at our new formula financing agreement, but I would just like to ask the Minister, realistically, will we see a shift in those percentages in the next formula financing agreement? Perhaps looking at 50 percent, where we maintain 50 percent of those revenues and 50 percent flow to Ottawa, instead of the system we have right now where 80 percent of the corporate taxes generated in the North flow to Ottawa and we only keep 20 percent of that. Again, it is deducted from our formula financing agreement.

I would like to ask the Minister, realistically, is there going to be an increase in the formula financing agreement so we can keep more of these corporate taxes in the Northwest Territories?