Thank you, Mr. Chair. I am here to present Bill 43. This, along with Bill 42, is a critical piece of legislation that will allow the Government of the Northwest Territories to meet its carbon pricing commitment under the Pan-Canadian Framework on Clean Growth and Climate Change through a carbon tax on all petroleum and natural gas fuels except aviation fuel. The purpose of Bill 43 is to amend the Income Tax Act to partly offset the impact of the carbon tax by providing residents a cost-of-living offset benefit. Bill 43 also includes some administrative changes to non-refundable tax credits claimed by multi-jurisdictional individual tax filers to align with other jurisdictions.

I will not repeat my comments from Bill 42 earlier. However, the changes proposed to the Income Tax Act are obviously a critical piece of our overall plan for mitigating the impact of the NWT carbon tax as it creates the cost-of-living offset benefit. That concludes my opening remarks, Mr. Chair.