The FMA requires the FNTC to establish a Corporate Plan (for budget forecasting), an Annual Report (containing the year-end balance sheet) and a General Report (detailing changes or additions to various entities, eg. Privacy Act, Access to Information Act, Executive Summaries, etc.) – for each fiscal year, and submit it to the Minister of Indian Affairs and Northern Development for approval.
Below you will find links to all of those documents for all years since the inception of the FNTC in 2007. They can be viewed on-screen or downloaded from the links provided.
View on-screen or download from the links below.
The First Nations Tax Commission publishes a yearly annual report. It summarizes key accomplishments and gains over the year. A must read for all participating and pending First Nations.
The FNTC annual reports also contain the year end fiscal report, balance sheet and plans for the upcoming year. View on-screen or download from the links below.
The FNTC’s yearly annual General Reports on the Privacy Act and the Access to Information Act are tabled annually in Parliament in accordance with section 72 of the Privacy Act.
They detail any requests tabled during the year to the Privacy Act, or to the Access of information Act that is a common right of all Canadian citizens. View on-screen or download from the links below.
The section 33 Review is pending.
FNTC: THE FIRST DECADE
FNTC: 10 YEARS
FNTC Commissioners share their thoughts on the 10th anniversary of the First Nations Tax Commission.
Terms & Definitions
This website uses a number of terms you may not be familiar with. For your convenience they are all defined in the glossary here.
Act of Parliament. Generally a collection of laws, bylaws & amendments pertaining to a particular aspect of the nation’s governance.
A debenture is a type of debt instrument unsecured by collateral. Since debentures have no collateral backing, debentures must rely on the creditworthiness and reputation of the issuer for support. Both corporations and governments frequently issue debentures to raise capital or funds.
Interest in Land
A First Nation as a whole has the right to the use and benefit of reserve land. Interest of Individual First Nations Members: Under the Indian Act, individual members of a First Nation may be given allotments. An allotment is the right to use and occupy a parcel of reserve land. Allotments must be approved by the Band Council and the Minister. Once approved, the individual allotment holder has “lawful possession” of a parcel of land and may be issued a Certificate of Possession as evidence of their right. However, the legal title to the land remains with the Crown.
MOU (or MoU)
A memorandum of understanding (MOU or MoU) is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract.
A policy sets out what a government plans to achieve and the process and rules used to do so as applied to various laws and creation of by-laws. A policy can identify new by-laws needed to achieve particular aims.
Real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.
A First Nation who wishes to access the powers of the FMA, must be added to the Schedule of the FMA. The Schedule is the list of participating First Nations.
That which is established by authority, custom, or general consent, as a model or example.