Mr. Speaker, I would like to thank my hon. colleague, along with my colleagues the member for Yukon and the Minister of Fisheries, Oceans and the Canadian Coast Guard, for advocating on this issue.
Canadians expect their governments to work together. We have collaborated with the three territories to make the territorial funding formula more stable and predictable over time.
Today I am pleased to announce that I will be introducing an amendment to the formula. It will enable the government to recalculate the 2016-17 payments, which will provide an additional $67 million to territories compared to the amounts calculated in December.