Regulations (Amending) the Revenue Management Implementation Regulations, pursuant to the First Nations Fiscal Management Act
On this page
- Title or working title of the regulatory initiative
- Enabling act(s)
- Description
- Regulatory cooperation efforts (domestic and international)
- Potential impacts on Canadians, including businesses
- Consultations
- Further information
- Departmental contact information
- The date the regulatory initiative was first included in the Forward Regulatory Plan
- Find out more
Title or working title of the regulatory initiative
Regulations (Amending) the Revenue Management Implementation regulations
Enabling act(s)
First Nations Fiscal Management Act
Description
Amendments are proposed to set out the required procedures to be followed by the First Nations Financial Management Board when it needs to exercise its law-making authority during an intervention related to pooled borrowing under the First Nations Fiscal Management Act.
The proposal includes:
- a requirement for the laws enacted to comply with:
- standards set out by the Board under paragraph 55(1)(a) of the act, and/or
- standards set out by the First Nations Tax Commission under subsection 35(1) of the act, if related to local revenues
- specifications for:
- how much notice is to be given of the law being enacted
- to whom the notice is provided
- a provision clarifying the process that the Board would need to follow should it need to assume third-party management of the revenues of a First Nation:
- this may, but would not be required to, comply with any of the First Nation's laws or by-laws respecting the procedures for enacting laws or by-laws
- a provision clarifying how the Board's intervention will be funded.
In addition to these substantive amendments, consequential amendments may be necessary to update references to the Act.
Potential impacts on Canadians, including business
First Nations operating under the Act may be interested in these changes. While they will not impact their operations, the changes will impact how the First Nations Financial Management Board enacts laws and by-laws on their behalf.
Regulatory cooperation efforts (domestic and international)
The department will work with the First Nations Financial Management Board, the First Nations Finance Authority, and the First Nations Tax Commission on the content of the proposed amendments.
Consultations
The department will collaborate with the First Nations Financial Management Board, the First Nations Finance Authority, and the First Nations Tax Commission on the content and form of the proposed amendments. Consultations began in 2018 with the First Nations fiscal institutions.
Further information
Not applicable.
Departmental contact information
Andrea Dykstra
Director
Fiscal Policy and Investment Readiness Directorate
Indigenous Institutions and Governance Modernization Branch
Resolution and Partnerships Sector
Tel.: 343-596-4150
Email: andrea.dykstra@rcaanc-cirnac.gc.ca
The date the regulatory initiative was first included in the Forward Regulatory Plan
March 2022
Find out more
Consult Crown-Indigenous Relations and Northern Affairs Canada's Laws and Regulations web page for:
- a list of acts and regulations administered by Crown-Indigenous Relations and Northern Affairs Canada
- further information on Crown-Indigenous Relations and Northern Affairs Canada's implementation of government-wide regulatory management initiatives
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: