Thank you, Mr. Speaker. Yes, that does mean that we are getting a new definition, but sometimes what's old is new again. And so, really, what has happened, and what the recommendation of the panel was, is to go back to an earlier form of definition. So that definition will consider -- well, and it has to adjust the BIP to the definition of a northerner, what defines someone who's a northern individual. And it's meant now to be for six months of residency, not 12, which is really looking at a way of increasing people moving to the North and opening businesses. We had some instances that came in the course of the review of people saying that they took their business elsewhere because it simply would be too long to be recognized as a resident here. But more importantly, to the point, Mr. Speaker, what we have now, in addition to the existing businesses, where beneficial ownership of 51 percent is considered, we are also now looking at businesses where the -- if it's a -- whether, you know, corporation, partnership, proprietorship, where the majority of the employees conduct operations here and there's a Northwest Territories based manager that oversees the operations. That's the change, Mr. Speaker. It really takes us back to what we were in a situation of before. Having gone through it before, we are well placed to know what was working with this old -- and now old version and what had worked previously. So happy to accept the recommendation of the panel on this. Thank you.
Caroline Wawzonek on Question 1635-19(2): Business Incentive Policy
In the Legislative Assembly on October 6th, 2023. See this statement in context.
Question 1635-19(2): Business Incentive Policy
Oral Questions
October 6th, 2023
Page 6880
See context to find out what was said next.