Thank you, Mr. Speaker. Mr. Speaker, it is, indeed, frustrating, as the Finance Minister, to look at what we projected, based on the numbers in the estimates that were put in place, and then, throughout the year, receive a number of calls to inform us that, in fact, we have less revenue coming in. One, because of a corporate...both cases resulting from corporate tax. One, refiling that is happening throughout corporations that filed in the Northwest Territories. Two, expectations are less than what we had accounted for or expected. Ultimately, it comes down to our fiscal relationship with Ottawa, the fact that our formula financing, right now, is in limbo with the environment we are under, and the fact that we need to get revenue sharing settled so that we can benefit from the revenues that flow out of the Northwest Territories. 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.
Further 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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