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NunavutSA国际影视传媒檚 business community optimistic on federal budget

More details needed, says Nunavut senator
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Northern Affairs Minister Daniel Vandal highlighted how Nunavut will benefit from the 2022 federal budget during a visit to Iqaluit on April 12. Trevor Wright/NNSL photo

Northern Affairs Minister Daniel Vandal touched down in Iqaluit on April 12, showcasing Budget 2022 SA国际影视传媒搃ntroduced the previous week SA国际影视传媒 and the benefits it has to offer to Nunavummiut.

Sixty million dollars earmarked for housing projects for each territory will have SA国际影视传媒渧ery fewSA国际影视传媒 conditions to it, meaning each territory can use it to help complete or fund other existing units under construction.

SA国际影视传媒淭hereSA国际影视传媒檚 also other pots of housing money, Indigenous Services has $845 million over seven years for Inuit Nunangat housing,SA国际影视传媒 said Vandal, adding thereSA国际影视传媒檚 billions in additional national housing funding that SA国际影视传媒淣unavut has a right to get.SA国际影视传媒

Joining Vandal at the Aqsarniit Hotel in highlighting the budget were members of IqaluitSA国际影视传媒檚 business community who praised the budgetSA国际影视传媒檚 focus on tax cuts for small businesses, housing and clean energy.

Harry Flaherty, president of the Qikiqtaaluk Corporation which helped build the Aqsarniit Hotel, welcomed Budget 2022 as being perfect for the CorporationSA国际影视传媒檚 future plans for the hotel.

SA国际影视传媒淚SA国际影视传媒檓 extremely proud when I heard what the federal government announced for clean energy with the support of Natural Resources Canada,SA国际影视传媒 said Flaherty.

SA国际影视传媒淎qsarniit Hotel and Conference Centre will soon be the host of a clean energy micro-grid, providing independent heat and power to the facility,SA国际影视传媒 he added, with a combination of solar power and batteries, which will help the hotel cut down on existing diesel usage and save money.

Clarence Synard, speaking as the president of the Baffin Regional Chamber of Commerce, was SA国际影视传媒渉appy to see such a focus on the North in this yearSA国际影视传媒檚 budget.SA国际影视传媒 SA国际影视传媒

SA国际影视传媒淭he much-needed investment in the North will make sure we rejuvenate our economy as a territory,SA国际影视传媒 said Synard, speaking on the budgetSA国际影视传媒檚 plan to phase out access to the small business tax rate when taxable capital reaches $50 million rather than $15 million, which will allow bigger businesses to be taxed like a small businesses.

SA国际影视传媒淲e welcome the news of a tax cut for these businesses as this will help in their growth and prosperity in the overall growth of our local economy,SA国际影视传媒 Synard added, also praising extra funding for clean energy ($250 million) being budgeted.

Nunavut senator cautiously optimistic

Dennis Patterson, NunavutSA国际影视传媒檚 senator, was present for VandalSA国际影视传媒檚 visit and spoke about what his appraisal of Budget 2022 has been so far.

With over $6 billion budgeted for defence priorities, the independent senator hopes to see the Canadian Military take a more active role in the North, however Patterson is going to be waiting until those details are hashed out.

SA国际影视传媒淚 guess ISA国际影视传媒檓 a bit anxious to see what materializes,SA国际影视传媒 Patterson said.

SA国际影视传媒淩ussia has a smaller GDP than Canada, yet they have managed to fund icebreakers, bases, airfields and ports, all across their Arctic coast. CanadaSA国际影视传媒檚 infrastructure in the North is embarrassing by comparison and ISA国际影视传媒檓 hoping weSA国际影视传媒檒l get a fair share of the $6 billion thatSA国际影视传媒檚 provided in the budget.SA国际影视传媒

One particular part of Budget 2022 Patterson particularly was excited for was the $228 million announced for trauma-informed, culturally appropriate Indigenous-led services for mental health, which was SA国际影视传媒渢ailor-made for NunavutSA国际影视传媒 and the issues the territory faces.

However, Patterson reiterated the need to wait for specifics to be broken down, saying SA国际影视传媒渢he devil is often in the details.SA国际影视传媒

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