Thank you, Mr. Speaker. I move, seconded by the honourable Member for Hay River South, that Bill 43, An Act to Amend the Income Tax Act, be read for the second time. This bill amends the Income Tax Act to make changes to non-refundable tax claimed by multi-jurisdictional individual tax filers, including changes that restrict the Northwest Territories' pension credit to the Northwest Territories' residents, and changes that allow co-pension and dividend credits to be claimed by Northwest Territories residents with business income earned outside the territories. This bill also amends the Income Tax Act to provide a cost of living offset as a mechanism for recurring carbon tax revenue to Northwest Territories' residents. Thank you, Mr. Speaker.
Masi. The motion is order. To the principle of the bill. Member for Frame Lake.
Nice try. Thanks, Mr. Speaker. I am not going to be nearly as long on this one. I am not going to oppose this bill. It does serve a number of public purposes, including allowing for pension credits to be earned by residents and so on, so and it is simply enabling legislation in terms of allowing for a cost of living credit to be used. I don't really have anything to oppose on this bill. I wish that there were some stronger public reporting provisions tied back to how this is going to be used to report on rebates that are tied to the carbon tax, but I don't have any difficulty with this bill. Mahsi, Mr. Speaker.
Masi. To the principle of the bill.
Question.
Question has been called. All those in favour? All those opposed? The motion is carried.
---Carried
