Thank you, Madam Chair. Madam Chair, when we put in an account into the doubtful accounts section, we do not stop from having that on the books and continuing to pursue payment. It is not a forgiveness. It is not a write-off. The debt stays there. We continue to go after it. It continues to accrue interest even. But we can't account for it in the revenue side because, if a company has gone out of business, we know that it probably won't get paid, or if they have gone into receivership or filed with the courts for protection, this is the same as with individuals when people are issued a property tax invoice and they haven't been paying it. We, at some point, have to recognize that it is doubtful that we will receive that. So we have to book it that way. This particular section deals with companies and corporations, as well as communities in a general taxation area. For example, in Yellowknife, Inuvik and Norman Wells, those are municipal taxation authorities. They have their own avenue of going after the taxes and collecting the taxes and, in fact, going as far as going after the property and selling property if, in fact, they go beyond that.
This is for the general taxation area as well as the corporations and some of the filings that happen outside of the municipal taxation authorities. Thank you.
