Senate, Committee on Banking, Commerce and the Economy

Brief on the development of the North: the investment tax credit of section 127(9) of the Income Tax Act pays 10 per cent in the Atlantic provinces and 0 per cent north of 60 degrees

Hello,

The brief follows below. It concerns taxation and the economy of the North, and it asks the Committee for a study.

The Income Tax Act already pays an investor for the place of the investment. It pays 10 per cent in the Atlantic provinces and the Gaspe Peninsula. In Yukon, the Northwest Territories and Nunavut it pays 0 per cent. The brief sets out one amendment and 2 measures that Norway has in force.

Distribute the brief to the members of the Committee.

Confirm in writing, by 14 October 2026, the date of distribution to the members and the date of publication on the page of the Committee.

Respectfully,
Danilo Dzyuban
BRIEF

The development of the North
An investment tax credit for Yukon, the Northwest Territories and Nunavut

To: Standing Senate Committee on Banking, Commerce and the Economy

RE: Brief on the development of the North: the investment tax credit of section 127(9) of the Income Tax Act pays 10 per cent in the Atlantic provinces and 0 per cent north of 60 degrees

Hello,

Yes. Forward the brief of 30 September 2026 to the 4 members of the steering committee as a proposal for a study. The subject is the investment tax credit of subsection 127(9) of the Income Tax Act in Yukon, the Northwest Territories and Nunavut.

Forward the full text, with the amendment and the 2 Norwegian measures.

Confirm in writing by 14 October 2026 the date it reached the 4 members. State the date of the meeting at which the steering committee considers it. Without that confirmation, the brief goes to the Chair and the Deputy Chair of the Committee directly.

Respectfully,
Danilo Dzyuban