Thanks, Madam Chair. I want to commend the Minister. This is a different approach. This is not what we saw in the last Assembly. I want to encourage her to do this, and I think that it is a great improvement. It was what previous Finance Ministers had done in the past. In fact, I think the last revenue options paper is still available on the Department of Finance website. I think it is dated 2016, although I don't really recall if there was much public engagement around that.
Will the efforts by the Minister, though, include some new ideas around raising revenues? I'm going to lay out some, and I would be curious to get her reaction to some of them, but clearly, we need to be able to keep more of our own-source revenues. That may mean renegotiating the territorial formula funding arrangement or reaching some new understanding with the federal government that we get to keep more, if not all, of our own-source revenues. That's one thing.
Corporate taxes go up and down. Just look at this line item here on 134. Last year was expected to be $23 million, and it's actually in a deficit of $12 million. How does this happen? We cannot use corporate taxes as any kind of predictable revenue stream. It's just not the way that we can or should be capturing revenues from non-renewable resource development. Companies, and rightfully so, are going to file their corporate taxes in whatever place they can get the lowest tax rate, and that's usually not going to be the Northwest Territories.
Will the options paper also look at the idea of a capital tax or a resource tax? I just want to get a reaction to a few of those things that I have said, Madam Chair, from the Minister. Thank you.