Caroline Wawzonek

I'll take the positives out of that, Madam Chair, and leave it there. Thank you.

Thank you, Madam Chair. Yes, we will certainly make sure that there's a more fulsome discussion around what the tax impacts could be for introducing or otherwise modifying tax rates. Thank you.

Thank you, Madam Chair. At this point in the course of where we're at in our response to the pandemic and recovery from the pandemic, there was certainly a conscious decision that there would not be new taxes introduced in this particular budget, and there are no new taxes introduced in this particular budget. That's sort of a short-term response. I understand that the question really is looking at something much larger and much broader, and I have made inquiries with the department to look into what impacts there would be on individuals if we were to increase the tax burden for certain filers...

Thank you, Madam Chair. I believe the reduction is approximately $1.4 million.

Thank you, Madam Chair. Madam Chair, on my left is Kelly Bluck, director of fiscal policy from the Department of Finance, and on the right, Cherie Jarock, legislative counsel with the legislation division from the Department of Justice.

Thank you, Madam Chair. I am here to present Bill 16, An Act to Amend the Income Tax Act. The main purpose of Bill 16 is to reduce the tax burden on our small businesses by reducing the small business tax rate from 4 percent down to 2 percent. With this reduction, Northwest Territories small businesses will incur a tax rate of 2 percent on taxable income under $500,000. Any taxable income over $500,000 will continue to be subject to the general corporate tax rate of 11.5 percent. This proposed measure will become effective on January 1, 2021.

We are also taking this opportunity to propose two...

Thank you, Mr. Speaker. Section 30.3 of the Petroleum Resources Act does state that the licence "must be in a prescribed form and may contain any other terms and conditions, not inconsistent with this act or the regulations, as may be agreed on by the Minister and the interest owner of the significant discovery licence." Thank you, Mr. Speaker.

Again, this is an occasion where Husky originally had their processes done or their bids done in 2011 and 2012, and there is an element of fairness in the regime that we have to ensure to include at all times so that no business or industry of any sector is going to think that they come in here under a certain regime with a certain set of expectations and have it changed under them. In this case, while yes, if they intend to go out onto the land and conduct activities, they will have to be filing their benefit plans, and those benefit plans then have to now be made public. That is under the...

Thank you, Mr. Speaker. The Government of the Northwest Territories does indeed consult with Indigenous governments, Indigenous organizations at the stage of when there's a call for bids. It is much earlier in the process than where this particular item is at. In this instance, what is relevant here is Section 30 of the new Petroleum Resources Act, which actually says that the Minister shall issue the significant discovery licence if certain conditions are met which, indeed, they are here for Husky. As such, I won't have any discretion in this particular instance. The reason that the...

Mr. Speaker, I would like to take this opportunity to announce the release of Living Well Together, the online Indigenous cultural awareness and sensitivity training program for employees of the Government of the Northwest Territories.

Developed by the Department of Finance in collaboration with the Departments of Education, Culture and Employment and Health and Social Services, Living Well Together replaces the GNWT's previous Aboriginal cultural and sensitivity training for its employees. It is a direct response to the Truth and Reconciliation Commission's call for action with respect to...