The First Nations Fiscal Management Act (FMA) is optional First Nations legislation. It came into effect on April 1, 2006. The FMA established three First Nation institutions to develop practical, modern-day tools already used by other levels of government in Canada, and provide these tools to First Nations governments.
The First Nations Fiscal Management Act (FMA) is a law that provides First Nations with support and tools to strengthen your community and build your economy. First Nations can choose whether or not to participate in the FMA.
All of our First Nations clients must be scheduled under the First Nations Fiscal Management Act (FMA).
The First Nations Financial Management Board (FMB) supports First Nations across Canada to build good governance and finance practices.
About FMB
We are a non-profit, First Nation organization.
Our services come at no cost to First Nations.
We only provide services when asked to by our First Nations clients.
We are independent of the Crown.
“Our ERM approach and methodology aligns with our strategic planning approach with recognition that these two processes are tightly linked. We also leverage enablers, such as balanced scorecards, as well as industry frameworks and best practices to deliver high-value, business-focused outcomes for our clients, including risk universes and risk analytics.”
“Our team of experts help our clients' Finance and Operational departments optimize organizational performance. We identify process gaps and inefficiencies as well as mitigating actions to help our clients achieve their organizational goals. Our team has expertise in business planning, key performance indicators (KPIs), business case development, financial governance structures, including the Government of Canada's Program Activity Architecture (PAA) and performance management frameworks such as the Balanced Scorecard.”
“This paper discusses the policy issues using confidential documents from the Department of Finance Canada under the federal Access-to-Information Act.”
Financial ratios are a way to evaluate the performance of your business and identify potential problems. Each ratio informs you about factors such as the earning power, solvency, efficiency and debt load of your business.
"Case Study: Membertou First Nation explores the process of Membertou’s transformation from a welfare reserve completely dependent on federal funding to one of Cape Breton’s economic bright spots. In delving into the community’s story, we will see that in order to transform itself, Membertou mobilized its most important asset - its people."
"This bulletin summarizes the CRA’s policy concerning the treatment of supplies made to, or by, Indians, Indian bands and band-empowered entities under the goods and services tax/harmonized sales tax (GST/HST)."
