Wendy Bisaro

Thank you, Mr. Chair. I need to ask some questions about the revenues and taxation. I’m still struggling to understand these numbers. The Minister, in his budget address, indicated that we were down about $30 million in terms of taxation, and I think he referenced both personal and corporate income tax when he said that. I just heard the deputy minister say that our personal income tax has gone down, and yet I look at these numbers in the book and I’ve got almost $105 million in ’14-15 for personal income tax and $87 million in ’13-14 for personal income tax, so I don’t get where it has gone...

NWT legislation would provide clear protection from liability, would designate the public places where AEDs must be made available, and ensure that AEDs are registered and properly maintained so they’re ready for use when they’re needed. By setting in place protocols for distributing and maintaining these lifesaving tools, we can protect NWT residents from loss of life. We could be on the leading edge of health care for our residents.

I will have questions for the Minister at the appropriate time.

I appreciate that this isn’t being rushed into. I’m never one to rush into anything and do it post-haste. I just wonder if the review is looking at, and again I’ll call it duplication of services, and the Minister may not agree and that’s fine and dandy, but it’s my understanding that somebody starting a business will need to or can go to ITI for certain things, can go to BDIC for certain things and it seems to me that if we are investing in businesses in the NWT, we would want to make it as easy as possible for somebody to go to one place and get everything that they need, advice from start...

Thank you, Mr. Chairman. I just couldn’t let this section go by without asking about the Business Development Investment Corporation. I recognize that we have the Investment Corporation and they are to support economic objectives of the GNWT, to help the development of northern businesses and so on, but I read the description of activities under the department itself and it seems to me that we are duplicating investment services. We have investment services through the department and we have investment services through the BDIC.

I’ve talked to the Minister about this before, and I guess I would...

Thank you, Mr. Chair. I just have a question with regards to the two contributions at the top of this page, tourism industry contribution and Tourism 2015. They sound remarkably similar. I just wonder if I can get an explanation of the difference between the two. Thank you.

Thanks for the clarification. My other question has to do with the investment income interest earned on the NWT Opportunities Fund and it reflects in ’13-14 budget year a revised estimate of $7-plus million. My recollection is that that was the value of the fund. So is this, in fact, interest, $7 million in interest or is that simply how we’ve recorded it? Is the NWT Opportunities Fund now finished, is it empty, is it done and closed? A status update on the fund would be helpful and why have we recorded $7 million in interest? Thank you.

Thanks to the Minister for that. My other question has to do with, I have two other questions here, but my first of the other questions has to do with the regulatory revenues and the minerals oil and gas royalties.

The $120 million, as I understand it, is the estimated amount of resources revenues that we’re going to be getting in the ’14-15 budget year, but that’s the total amount, that’s not the net amount. So I’d like to know why we are recording the total amount in this budget. I don’t believe there’s a corresponding expense of the 50 percent of this net fiscal benefit that we’re going to...

Thanks to the deputy minister. So, we are looking to save about $7 million in passive restraint and we are going to “go in the hole” for the other, say, $25 million, is that right? Thank you.

Thank you, Madam Chair. Committee wishes to continue with Tabled Document 22-17(5), with the Department of Industry, Tourism and Investment and, time permitting and the Members willing, the Department of Finance. Thank you.

Yes, I got that, so thank you for that information.

The next question that I have with this loss of revenue, I have yet to understand, in all the discussions that we’ve had so far, what we’re going to do to our budget, how we’re going to mitigate this loss of revenue. We’ve got a budget before us but we are expecting less revenue, so we’re already in the hole. What are we doing in this budget to mitigate for that loss of revenue? Thank you.