Mr. Speaker, we have a model that we have developed through our Territorial Formula Financing Agreement. We’ve looked at our costs in the Northwest Territories. We have an 11.5 percent corporate tax rate. We have a 4 percent small business rate. We are in the middle of the pack in most of our taxation.

When we take over the royalty regimes, of course we are going to look at them very carefully. We are going to offer briefings to the other side of the House. We are going to offer briefings to Northerners so we fully understand how taxes are implemented, how royalties are exercised in this

territory in the different resource areas and they’re not all the same.

It is fairly complex. We want to be very thorough and measured on how we do that. In due course, in the fullness of time, we’ll have those discussions. Come April 1st , we are not charging down the road

to start raising taxes before we’ve even established ourselves in a very careful, measured way. Thank you.