Derrek Konrad on Manitoba Claim Settlements Implementation Act

Mr. Speaker, I thank the hon. member for South Shore. He is right, they do purchase them in fee simple and they can be held in fee simple, but the fact is that because it belongs to a band it can apply for reserve status. Once that happens, then it loses its tax exempt status, as reserve land obviously does. Fee simple lands held by a corporation or anything like that are obviously taxable at the going rate.