Thank you, Mr. Chair. These numbers, all of the numbers with respect to taxes, are generated by the Canada Revenue Agency, so this is a reflection of the fact that as corporate income taxpayers would be paying incrementally over the course of the year based on estimates that are generated often from the year before and not necessarily on what their final actuals for the year might be. When the final numbers come in, the CRA then will, perhaps after the fact, determine what they have been remitting to the GNWT maybe beyond or above what, in fact, will be paid in by the corporations. That's what this is a reflection of. It's money that we will now be owing back to the Department of Finance Canada for overpayment in light of the estimates that were given being above what the actuals turned out to be. Thank you, Mr. Chair.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 29th, 2021. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 29th, 2021
Page 2580
See context to find out what was said next.