Robert C. McLeod

Thank you, Mr. Chair. Mr. Chair, it's not showing up in here because the federal legislation needs to be passed before that, and I think, when that does happen, that will happen through the liquor revolving fund. Thank you, Mr. Chair.

Yes, Mr. Chair, that is correct. I mean, the idea is that it will go through the department for now, and then as we get further into it, then I guess we are going to have to make a determination at that time on which direction we should go; but for now, it will be, yes.

Yes, thank you, Mr. Chair. Mr. Chair, first of all, in the process we operate under, I want to have a conversation with standing committee, and then we will look at the possibility of having a broader discussion at that time. I know they and we always welcome comments to the Department of Finance on revenue options, whether we proceed with them or not. I mean, we have to have a look at them, but it is not like they can only comment when we go out for public discussion. Comments are always welcome, and then I am sure we get the odd one as to how we can increase revenue. I want to have a...

We are still going through the process right now, but as Members in this House are aware, the Prime Minister has made a commitment to our Premier about recognizing the uniqueness of the North. I have assurances from the Minister of the Environment that they recognize the unique situation of the North. The Member is absolutely correct. We want to put a product together that is made in the North. I think we've given some numbers to the committee; if we use the federal backstop, then what residents would have to pay would be a lot higher than if we implement our own made-in-the-North approach to...

Yes, that's correct.

Thank you, Mr. Chair. Mr. Chair, we are working with Justice on their development of the legislation, and my understanding is that something is supposed to coming forward soon. Thank you.

Yes, thank you, Mr. Chair. Mr. Chair, that is a result of one of the large payers having the ability to write off their infrastructure investments in one year, and that is what they chose to do for this particular year, so that is why you see a significant drop in the corporate income tax. Thank you, Mr. Chair.

In my discussions with my colleagues from across the country when we have our FTPs, I always say, if you want to allocate money based on land, we will go for that, because, at 1.3 million square kilometres, we'll be in pretty good shape. I think they recognize some of the challenges we face. That is why our average per capita in Territorial Formula Financing is way higher than the rest of the country.

As I said, the deal will expire in 2019. The legislation that is governing this, the Federal-Provincial Fiscal Arrangements Acts and Territorial Formula Financing, expires in April of 2019, and...

Well, no, just to say that the Member is correct. I mean, it is through the case work. Also, the GSOs will help them with that, as well, so that proves the importance of those positions, as well. Thank you, Mr. Chair.

Mr. Speaker, I wish to table the following document entitled "Inuvialuit Water Board Budget 2018-2019." Thank you, Mr. Speaker.