The House of Commons Standing Committee on Finance, in its report, “Staying Focussed on Canadian Jobs and Growth,” recommended that the federal government examine the concept of a First Nations Property Ownership Act as proposed by the First Nations Tax Commission. The report was tabled in parliament on December 14, 2011 by Committee Chairman James Rajotte.
“The recommendation by the Standing Committee on Finance is a strong sign of support in our work on this initiative. The Committee recognizes the importance, and potential of property ownership on reserve,” said Chief Commissioner Jules, who appeared as a witness before the Committee on November 1, 2011. “We are prepared to work with the federal government to advance the First Nation Property Ownership initiative as legislation should they wish to pursue that option.”
The Committee launched the pre-budget consultations in June 2011 with an invitation for Canadians to participate in the budget consultation process. The report is a summary of the suggestions made by the witnesses that appeared before the Committee (in person or through a written brief), and presents the Committee’s recommendations for the 2012 federal budget.
While the recommendations contained in the report by the Standing Committee on Finance are not binding on the federal government, they nonetheless are viewed as instructive for the preparation of the federal budget, which is expected in March 2012.