Thank you, Mr. Speaker. Mr. Speaker, as I stated in my Minister's statement, right now, we are working with the Canada Revenue Agency to see where the numbers come from, and the impact this fiscal year we are in as they are based on the 2004 taxation year. What happens is, at the beginning of the year, we work with the federal government. They give us estimates on what we should expect, based on previous year's tax receipts that were received. It is throughout the year, as taxation filing happens and the timelines are met by corporations, we get the updates. That is what has happened in this case. What we have to do now is look at our own fiscal picture for this year and look at our policies. We have our fiscal responsibility policy that is in place, and review what our numbers would look like towards the end of this fiscal year. If, in fact, our numbers are healthy enough to survive this, we probably can hold this and hunker down where we are at, without adding to further expenditures, and make it through this fiscal year. Thank you.
Floyd Roland on Question 254-15(4): Corporate Tax Shortfall
In the Legislative Assembly on October 25th, 2005. See this statement in context.
Return To Question 254-15(4): Corporate Tax Shortfall
Question 254-15(4): Corporate Tax Shortfall
Item 6: Oral Questions
October 24th, 2005
Page 526
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