Ten First Nations Join Fiscal Management Act

Summary#

This order adds 10 First Nations to the schedule of the First Nations Fiscal Management Act. That change lets those communities use the Act’s financial and property-tax tools. The order came into force when it was registered on September 2, 2022.

What it does#

• Adds the following First Nations to the schedule of the First Nations Fiscal Management Act:
  • Haisla Nation
  • Klahoose First Nation
  • Marcel Colomb First Nation
  • La Nation Micmac de Gespeg
  • Montagnais de Pakua Shipi
  • Nee‑Tahi‑Buhn
  • Northwest Angle No.33
  • Saint Mary’s
  • Tŝideldel First Nation
  • Ulkatcho
• Lets those First Nations choose to access services provided under the Act, including work with the national institutions:
  • First Nations Finance Authority
  • First Nations Tax Commission
  • First Nations Financial Management Board
• That access can include starting a property-tax system under the Act, seeking financial-management certification, and applying for bond financing based on local revenues.

Who's affected#

• The main direct users are the 10 First Nations named above and their local governments.
• Community residents, local businesses, and anyone who uses or depends on community services could feel the effects if a First Nation decides to change tax or borrowing rules.
• The national institutions named above will also work more closely with these First Nations to provide services and certification.

Why it matters#

• Being on the schedule gives these First Nations new legal tools to raise money and manage finances.
• That can help fund local projects, infrastructure, and services without relying solely on federal transfers.
• Joining the Act is optional and happens at the request of the band councils. The order itself does not force any taxes or borrowing — it only makes the tools available.