Robert C. McLeod

Thank you, Mr. Chair, and, Mr. Chair, the Member is correct. For the income tax, that is what would have to happen. Thank you.

Thank you, Mr. Chair. I will work with my colleague at ITI and see what plans they have for the future. Again, I take the Member’s point and, yes, as we go forward, we may still have mines that we can tax. Thank you, Mr. Chair.

Thank you, Mr. Chair. Mr. Chair, I do not think a determination or decision has been made on what department this might fall under within the GNWT. I suppose we would have that broader discussion when it actually does happen. Thank you, Mr. Chair.

Sure. We appreciate the Member’s advice, and the Member is correct. I do agree with him that sometimes one of the criticisms of this government is we don’t tell the public a lot of the good stuff that we do. I think that needs to change. We will provide the information that Members have requested and provide it to committee. We will improve our communication of this as well. Thank you, Mr. Chair.

Thank you, Mr. Chair. No, Mr. Chair, I would be happy to appear before committee and give them a briefing. Thank you, Mr. Chair.

I'll just say yes, it does, with committee's support.

---Laughter

Thank you, Mr. Chair. Yes, Mr. Chair, I can understand the Member’s question because it does leave itself open for question when you use the word "other." I think we made a commitment in the past that we’re staying away from the word "other" and we were going to break it up and have that money specifically allocated to be different. I will make that commitment that we will remove the word "other."

Thank you, Mr. Chair. The revenue would show up in Finance under revenue summary. If you look on page 128, you are going to see the number $1,182,000. That is what we are anticipating for 2017-18.

Thank you, Mr. Chair. Mr. Chair, to my immediate right, I have Mr. David Stewart. He’s the deputy minister of Finance. To my far right, Tara Hunter, who is the director of Management Service and Recruitment. To my left, I have Mr. Sandy Kalgutkar, who is the deputy secretary to the FMB. Thank you, Mr. Chair.

Thank you, Mr. Chair. Mr. Chair, we hear the Member's concern in regard to the governance of the heritage fund, and it would be nice to have a trilliondollar heritage fund like they do in Norway. We would have no shortage of governors then, to govern over it.

This is a new process. I think we have been at it for about four years, so we are just working our way through it. I am sure that, as we work our way through it, there are opportunities to improve it or have public governance of it. We just have to be sure that there is not a huge cost factor in doing something like that. We will look at...