Mr. Speaker, I am going to speak in favour of the bill. The need to keep current and competitive with tax changes in other jurisdictions in Canada is a bit of a challenge. In some areas, it can have its share of risk, as well. Was it two years ago that we changed our corporate tax rate upwards? This bill is going to reduce it now, again, as we are keeping pace with the changes in other parts of Canada.

One of the things that we will be looking into as this bill moves into committee is the potential consequence to the NWT in making these changes. While I am speaking in favour of the principle of the bill, Mr. Speaker, there may be other consequences or concerns that will be brought back to the Assembly and into the further debate about this bill. Thank you.