Caroline Wawzonek

Thank you, Madam Chair. I was pleased to get that suggestion last year, probably around this time, and I am happy to receive it and be reminded again. The process of going through budget dialogues and putting some of the information out was very helpful to me in this role but, I think, also to the department. We will certainly make sure that we engage in this process. I think, having adapted to COVID-19, it will be earlier this year than last year. Thank you.

Thank you, Madam Chair. This is not an occasion where there will be a commensurate raising of taxes or introduction of a new tax to directly offset the $1.4 million revenue loss. What is hoped, however, is that, by helping the sector become more competitive and helping small businesses be more competitive, we will see economic growth, which then can ultimately help create more taxpayers in the form of more small businesses, which can hopefully offset the revenue lost from the tax rate change. Thank you, Madam Chair.

Thank you, Madam Chair. We are a little bit behind some of the other jurisdictions in terms of our business tax rate for small businesses. This finally is an opportunity to bring us a little bit more in line and make us more competitive with some of our colleagues across the rest of Canada. Up to this point, we were at or near, in fact, the very top of the pile. This is an opportunity to, again, make us more competitive, and it's a good time. I think one of the MLAs has already mentioned that it's an opportunity to give a bit of release at an occasion and during a context where there has been...

Yes, Madam Chair.

I take my responsibilities as a Minister very seriously. I, certainly, am not going to stand and act in anything other than in the interests of the public of the Northwest Territories, but that includes, Mr. Speaker, an understanding and awareness of the rule of law and legal advice that we might receive as Ministers. I don't act on my own. I don't act without advice. I don't act without looking to the department. I don't act without looking to the Department of Justice when the time is appropriate. This was an usual legal problem. I could see that from day one when it came to my desk. We...

It doesn't say a veto. It doesn't say that the party must, shall, but it does say, as may be agreed to. Mr. Speaker, as I had said earlier, when the processes come through, if indeed there are to be new calls for bids, which would then move through exploration licence, significant discovery declarations, and all the way through production, this act now governs that entire evolution. This act will create a system, one that is reasonable, one that is certain, one that people can actually understand what is expected of them, and including the fact that you do now have the ability to make these...

This licence has been subject to significant review from the Department of Justice because of the fact that there was so much that had to come in from the past and into the present. That has been some of the challenge here. I'm not trying to avoid the question. I'm just trying to make sure that I'm not here on the floor of the House getting into something that really has gone through significant legal review, as I've said. I would certainly not expect that there is going to be less fees offered or a freer ride now than what it has been in the past. The significant discovery licence here flows...

As I mentioned earlier, the particular instance here of Husky Oil is one where the call for bids stage took place in 2011-2012 under a pre-devolution regime, under a totally different regime than that which is envisioned by the new Petroleum Resources Act. The new act certainly does give the opportunity at the earlier stage of that call for bids to include rentals and fee structures and opportunities to really increase the possibility for revenue, but again, in this particular instance, we are well past that stage. I would also note that, yes, the new act includes the opportunity for issuing...

Thank you, Mr. Speaker. As we have already heard today, yesterday was International Women's Day with a theme of Choose to Challenge. I want to use this opportunity to thank my colleagues, my friends, and my neighbours for their support that gives me my opportunity to choose to challenge in a position not often held by a female. By this, I mean very literal support. My partner works at a remote mine site and had to adapt his work rotation in order to accommodate the risk-mitigation precautions for COVID-19. His extended rotation was not what we planned on when I ran for elected office. The...

This particular discovery licence is the last one that is grandfathered. That was the point I had tried to make earlier. I think I wasn't, perhaps, putting it all together very clearly, but it is a grandfathered one. It's the last one of its kind. Mr. Speaker, I, also, would prefer to look forward into the future and not be talking about items that come forward from the past. Because this particular one and all of the things that it's associated to in the other licences it's associated to don't have a rental fee put into their significant discovery licence, out of simple fairness and out of...