Thank you, Mr. Speaker. Mr. Speaker, I have questions for the Minister of Finance. On June 17, 2016, the Minister of Finance said, “I can say that we probably have 50 per cent of our small businesses in the Northwest Territories. I believe they don’t pay any tax at all.”
Over a ten-year average, how many small businesses are operating in the Northwest Territories and how many do not pay taxes based on GNWT tax regulations?
Please provide details of the policies, legislation, and any additional regulations that permit small businesses in the Northwest Territories not to pay taxes?
What is the projected impact on government revenue over a ten-year average of a reduction of one per cent to the lower corporate income tax rate?
What is the projected impact on government revenue over a ten-year average of a reduction of two per cent to the lower corporate income tax rate?
What is the projected impact on government revenue over a ten-year average of a reduction of one per cent to the higher corporate income tax rate?
Thank you, Mr. Speaker.
