Fulfilling your Community Vision with FMA Fiscal Power
Fiscal power provides decision making power, financial security and autonomy as a government and community. When a community has fiscal power, they can contribute towards service jurisdictions such as education, health, land management and other local services.
Creating a Better First Nation Fiscal Relationship – Utilizing the FMA
Both Canada and First Nations are committed to a nation-to-nation framework. However, “nation-to-nation” is more than just a phrase. It means both parties have powers which they can implement without needing the consent, or being subject to the oversight, of the other.
Towards a Better First Nation Fiscal Relationship - Trust Tax Room, Not Transfers
First Nations are in the process of negotiating a new fiscal relationship which will better define the financial responsibilities of all governments, the revenue authorities of First Nations and the transfer system that will supplement this.