Thank you, Mr. Speaker. Mr. Speaker, we'd face other problems beyond what we face right now with formula financing. The federal government does recognize, to a large degree, the difference we face here in the Territories. As a result, we get a higher per capita amount transferred to the North. Our argument is still that that doesn't adequately address the cost of living, the cost of doing business in the North, and that's something we have to continue to do, is build a business case to show the examples that we have concerns with. If we were a province and were into the equalization program, we'd probably find ourselves mirroring some of the smaller provinces in Canada right now, where their per capita is much lower. In fact, their debt situation is much higher than ours right now. Thank you.
Floyd Roland on Question 287-15(4): Corporate Income Tax Shortfall
In the Legislative Assembly on October 27th, 2005. See this statement in context.
Further Return To Question 287-15(4): Corporate Income Tax Shortfall
Question 287-15(4): Corporate Income Tax Shortfall
Item 7: Oral Questions
October 26th, 2005
Page 622
See context to find out what was said next.