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Finance committee  I would say it's one of those integrity measures. It was fairly obvious to everyone that this was just a technicality in the formula. The intention was always clear. One would think that really no consultation would be necessary. However, that being said, it was released in October 2012 and we have heard from no one, and they would certainly know who to call if they had issues.

February 28th, 2013Committee meeting

Davine Roach

Finance committee  Absolutely.

February 28th, 2013Committee meeting

Davine Roach

Finance committee  Sure, thank you. With respect to the airline change, under the Income Tax Act there's a provision that allocates corporate taxable income amongst the provinces based on certain formula. In the case of airlines, it was on air miles flown. Now the formula doesn't work in terms of allocating to the provinces airline miles flown over the territorial waters, which includes the Bay of Fundy and Hudson Bay.

February 28th, 2013Committee meeting

Davine Roach