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.
If a First Nation defaults on a First Nations Finance Authority (FNFA) Borrowing Agreement or fails to comply with local revenues laws as governed by the First Nations Tax Commission, the FMB has the authority under the First Nations Fiscal Management Act (FMA) to step in to provide support.
Intervention is a support process that enables the FMB to investigate, understand, manage, and resolve any problems relating to:
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.
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"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."
