On June 9, 2021, Indigenous Services Canada (ISC) launched the “Own Source Revenue in Indigenous Communities Initiative” (OSRICI), designed to provide support to Indigenous communities that have suffered a decline in own-source revenue (OSR) due to the COVID-19 pandemic. OSR includes property taxes, local revenues and other First Nation government revenues from agreements, businesses, and other sources. The OSRICI is providing $332.8 million in funding to partially offset declines in own-source revenues so that First Nations, Inuit, and Métis communities can continue to provide important community programs and services.
The FNTC has agreed to support taxing First Nations in applying to the OSRICI program. In the coming weeks, the FNTC will be contacting your tax administrator to offer support with the application process.
The deadline for applications is August 31, 2021. ISC Regional Offices will review OSRICI applications and determine the amount of funding for which First Nations are eligible.
For more information, please contact the FNTC: OSRICI-support@fntc.ca
OSRICI website (link): https://www.sac-isc.gc.ca/eng/1623255117700/1623255147941