The budget also includes a cut of the territory's small business tax rate from four per cent down to two, a development N.W.T. The budget contains funding for a 2025 tourism strategy, but no additional relief for operators in the short term. 's tourism industry, devastated by the COVID-19 pandemic, did not receive any increased direct support in the territory's proposed 2021-22 budget. But there's a lot more to be done to help diversify our economy, stabilize revenue sources, and build a more resilient economy." "I don't want to stand by and say that we're just going to change XYZ spending without evidence," Wawzonek said.

Source: CBC News February 05, 2021 21:11 UTC