Thank you, Mr. Speaker. Should I just say yes, I understood the question and go from there? The fact is, yes, we do recognize the impacts of the high cost of living on the Northwest Territories small businesses. That is why there has been a steady trend since the 1990s when the small business tax rate was in fact in the area of 10 percent and the last reduction I believe happened in 2003 when we reduced it from five to four percent. With the changes in the federal government, there will be an impact to this government's revenues because of the amount of tax applied to the small business. The threshold has increased, as the Member has stated. We keep that in mind whenever we start our business plan process, when we weigh the avenue of either trying to raise more income for our budget process or tell departments that there's less money to spend. So it is something that we have to wrestle with on every cycle we go through in business plan. Thank you.
Floyd Roland on Question 14-15(5): Impact Of Fiscal Policy On Small Businesses
In the Legislative Assembly on May 31st, 2006. See this statement in context.
Further Return To Question 14-15(5): Impact Of Fiscal Policy On Small Businesses
Question 14-15(5): Impact Of Fiscal Policy On Small Businesses
Item 6: Oral Questions
May 30th, 2006
Page 37
See context to find out what was said next.