The Department of Finance estimates that if this particular change were not made to our tax legislation, the revenue lost to the Government of the Northwest Territories would be in the order of $1.3 million. By making this change, it in effect reduces the cost of the dividend tax credit, as a result of the change in the federal legislation, to half a million dollars. So the net revenue gain for the Northwest Territories is about $800,000.
Ms. Melhorn on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on October 27th, 2006. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
October 26th, 2006
Page 553
Melhorn
See context to find out what was said next.