Thank you, Mr. Chair.
Thank you to the presenters today.
I'm very happy to see the presentation here today. In your economic and fiscal outlook you analyzed the impact of the carbon pricing levy. This is a very important issue for me and the people I represent in the Northwest Territories. Climate change has been impacting us more than any other jurisdiction in Canada. We really never had the opportunity to invest in alternative energy or infrastructure that would allow us to reduce our greenhouse gas emissions. We're hoping that this program is going to do this for us. A lot of the communities I represent still have noisy generators, sometimes right in the middle of the community, running 24 hours a day every month of the year. Most of our communities are built on permafrost, which is now melting. I just came from a meeting in our coastline communities. Some of the communities are forced to now start moving houses. We have graveyards that are falling into the ocean, and many serious issues.
This is an important issue for me, but it's also an important issue for the committee because we're starting to study the measures in the budget implementation act this week. It was really interesting that you said in your analysis that it would be more beneficial for the Canadian economy and for the provinces and territories to use revenues from the levy to cut corporate or personal income taxes than to return the revenues as lump sum payments to households. Could you explain how you arrived at that and why it would be better to do in that fashion?