delete Nunavut Borrowing Limits Regulations
Defines 'borrowing' for the government reporting entity of Nunavut under the Nunavut Act, specifying which financial obligations (loans, capital leases, sale-leasebacks, loan guarantees) count as borrowing, how to value them, and excludes intra-government transactions and certain CMHC housing loans.
This technical accounting regulation adds unnecessary bureaucratic complexity and compliance costs while enabling opaque debt reporting through threshold-based exclusions and mutable accounting standards. The CMHC loan exemption is a special-interest carve-out that could mask true fiscal obligations. Simple, transparent financial reporting—without regulatory minutiae—would achieve greater accountability and reduce the administrative burden.