Schedule to the First Nations Fiscal Management Act (Order Amending)

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Title or working title of the regulatory initiative

Order Amending the Schedule to the First Nations Fiscal Management Act

Enabling act(s)

First Nations Fiscal Management Act

Description

First Nations wishing to operate property tax regimes, obtain financial performance and financial management certification, or access a bond financing regime under the optional First Nations Fiscal Management Act (the Act), first require to be added to the Schedule of the Act. Upon the formal request of First Nations leadership – via Band Council Resolution, the department undertakes an ongoing regulatory process in order to add, change, or remove the name of the First Nation on the schedule.

Regulatory cooperation efforts (domestic and international)

Given that opting into the First Nations Fiscal Management Act is made at the request of a First Nation, through resolution of its council, this initiative is not under a specific formal regulatory cooperation work plan.

Potential impacts on Canadians, including businesses

There are no expected business impacts as the regulatory process only applies to First Nations. The department only undertakes a regulatory process to add, change or remove the name of the First Nation on the Schedule of the First Nations Fiscal Management Act if requested by the First Nation's leadership.

Consultations

No consultation is required beyond that which may have been conducted by First Nations leadership with their community members.

Further information

Please find further information on First Nations Fiscal Management.

Departmental contact information

Leane Walsh
Director
Fiscal Policy and Investment Readiness Directorate
Indigenous Institutions and Governance Modernization Branch
Resolution and Partnerships Sector
Tel.: 613-617-7914
Email: leane.walsh@rcaanc-cirnac.gc.ca
Public Enquiries Toll-free: 1-800-567-9604

The date the regulatory initiative was first included in the Forward Regulatory Plan

March 2013

Find out more

Consult Crown-Indigenous Relations and Northern Affairs Canada's Laws and Regulations web page for:

Consult the following for links to the Cabinet Directive on Regulation and supporting policies and guidance, and for information on government-wide regulatory initiatives implemented by departments and agencies across the Government of Canada:

To learn about upcoming or ongoing consultations on proposed federal regulations, visit:

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