FSMA: First Nations Fiscal & Statistical Management Act [Aboriginal Financial Officers Association, AFOA]

The First Nations Fiscal and Statistical Management Act (FSMA) or Bill C-20 is a federal statute that Parliament passed on March 22, 2005. Its official title is “An Act to provide for Real Property Taxation Powers of First Nations to create a First Nations Tax Commission, First Nations Financial Management Board, First Nations Finance Authority and First Nations Statistical Institute and to make consequential amendments to other Acts”.