In December 2017, the FNTC approved proposed Standards respecting Notices relating to Local Revenue Laws, 2017 for the purposes of seeking public input.
The proposed Standards respecting Notices relating to Local Revenue Laws include new requirements for the posting of annual laws, and extended notification and additional information requirements for certain types of local revenue laws.
Standards established by the FNTC are a part of the regulatory framework governing First Nation taxation under the FMA. They reflect best practices in property taxation, and are designed to support First Nation economic growth, First Nation jurisdiction, harmonization, and the interests of all stakeholders in the First Nation property tax system. First Nation laws must meet the requirements of the FMA, its regulations, and the FNTC’s standards.
As a matter of policy, the FNTC seeks public input prior to introducing or significantly amending its Standards. This input is critical in developing Standards that are acceptable and effective for participating First Nations and their taxpayers.
To obtain a copy of the proposed Standards, or to view a complete summary of the changes, visit www.fntc.ca. Please direct your comments to the FNTC at firstname.lastname@example.org or by telephone at (250) 828-9857.