Madam Speaker, I move seconded by the honourable Member for Nahendeh, that Bill 62, An Act to Amend the Income Tax Act, No. 2, be read for the second time.

This bill makes a number of amendments to the Act to update the Act, in light of recent Income Tax Act of Canada amendments, by the following:

• Allowing the communication of information between governments of the Northwest Territories and Canada;
• Removing federally repealed provisions;
• Making changes respecting various COVID-19 relief measures;
• Making the act conform with the Canada-Northwest Territories tax collection agreement;
• Including a reference to allow or disallow deductions in calculating the federal foreign tax credit; and,
• Removing ambiguity respecting tax on split income for multi-jurisdictional tax filers.

Thank you, Madam Speaker.