The First Nations Tax Commission is pleased to present this webinar which provides an overview of taxation and it's importance as a governance function. We discuss how the First Nations property tax system works and share stories from First Nations who are benefiting as a result of property taxation. We wrap up by explaining the tools and supports available through the FNTC for First Nations wishing to develop and implement a property tax system.
Under the framework of the FMA, a First Nation creates its real property taxation system by making two laws: a First Nation Property Taxation Law and a First Nation Property Assessment Law. A First Nation must have both of these laws in place before it can levy and collect property taxes. The property assessment law establishes the property assessment system.
In Canada, over 30% of First Nations have property tax powers and are responding to community needs and providing local services to thousands of property taxpayers. The First Nations Tax Commission (FNTC) is a shared-governance First Nation public institution that supports First Nation taxation under the First Nations Fiscal Management Act and under section 83 of the Indian Act.
The First Nations Finance Authority (FNFA) is a statutory not-for-profit organization without share capital, operating under the authority of the First Nations Fiscal Management Act, 2005. The FNFA’s purposes are to provide First Nations governments investment options and capital planning advice and—perhaps most importantly, access to long-term loans with preferable interest rates. The FNFA is not an agent of Her Majesty or a Crown corporation and is governed solely by the First Nations communities that join as Borrowing Members.
The purpose of the Framework Agreement was to recognize the inherent
right of First Nations to resume control over their lands and resources for
the use and benefit of their members without Government interference, by
replacing the land provisions of the Indian Act with First Nation made laws.
The Framework Agreement provides First Nations with the option to govern
their reserve lands outside the Indian Act. The option to regain control of
their lands and resources can only be undertaken with the consent of
the community.
Prince Edward Island Department of Fisheries, Aquaculture, and Rural Development
Year of publication:
2009
"This document, prepared by the Legislative Counsel Office, is an office consolidation of this Act, current to May 15, 2009. It is intended for information and reference purposes only."
Prince Edward Island Department of Fisheries, Aquaculture, and Rural Development
Year of publication:
2003
This document, prepared by the Legislative Counsel Office, is an office consolidation of this Act, current to November 1, 2003. It is intended for information and reference purposes only."
