Thank you, Mr. Speaker. Well, Mr. Speaker, by maintaining our own system that complies with the federal rules, we do control how the COLO does get set. And what we have done in that regard, Mr. Speaker, although we adjusted it because there's a significant drop in revenue to the GNWT with respect to not having home heating fuel anymore, we did still maintain and do an analysis to ensure that the existing COLO amounts should still be enough to pay for the additional amount from the tax, so -- which is challenging at a time when diesel costs have gone up and fuel costs have gone up and transportation costs have gone up. The cost of fuel overall has gone up significantly. COLO only is meant to respond to the impacts of carbon tax. And on average, average household in the Northwest Territories for its impacts with carbon tax, is still seeing that come back from the COLO. We can always -- you know, there's certainly the opportunity to always run those numbers again, look back at it again, but that adjustment was made and that consideration was done when the COLO amounts were varied the last session. Thank you.
Caroline Wawzonek on Oral Question 156-20(1): Carbon Tax
In the Legislative Assembly on May 23rd, 2024. See this statement in context.
Oral Question 156-20(1): Carbon Tax
Oral Questions
May 23rd, 2024
Page 424
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