Thank you, Mr. Speaker. My questions are for the Minister of Finance and are in relation to the recently released public consultation paper on an NWT Heritage Fund. I want to start by saying it’s really great to see this out. It’s something Members of this House have been pushing for and I’m happy to see it finally happening.
One of the things we’re dealing with is with exceptionally low royalty rates in the Northwest Territories. Our resources are tending to leave faster and faster and our diamond mines are a good example of that. So how can we collect revenue to fill up a Heritage Fund? The Minister in his paper has identified that a resource tax is a possibility, but he goes on to state that this would be considered double taxation of resource development and that’s a bit of a barrier. I wonder if I could get him to explain that to me. Thank you.