First Nations Tax Commission – Commission de la fiscalité des premières nations
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10th Apr 2017 | by: FNTC

Starting in 2017, annual expenditure laws will no longer require an interim budget. In 2016, the First Nations Tax Commission removed the requirement from its Standards for First Nation Expenditure Laws following amendments made to the First Nations Fiscal Management Act.

The interim budget was designed to ensure First Nations had the legal authority to expend revenue throughout the entire budget year, and the legislative amendments clarified year-round legal authority for expenditures. Accordingly, the FNTC Sample First Nation Annual Expenditure Law has been updated to reflect the changes.

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