In Canada, over 30% of First Nations have property tax powers and are responding to community needs and providing local services to thousands of property taxpayers. The First Nations Tax Commission (FNTC) is a shared-governance First Nation public institution that supports First Nation taxation under the First Nations Fiscal Management Act and under section 83 of the Indian Act.
The First Nations Finance Authority (FNFA) is a statutory not-for-profit organization without share capital, operating under the authority of the First Nations Fiscal Management Act, 2005. The FNFA’s purposes are to provide First Nations governments investment options and capital planning advice and—perhaps most importantly, access to long-term loans with preferable interest rates. The FNFA is not an agent of Her Majesty or a Crown corporation and is governed solely by the First Nations communities that join as Borrowing Members.
Webinar on APC 2019 Report: Highlighting Successful Atlantic Indigenous Businesses
Indigenous businesses in Atlantic Canada are making a sizeable contribution to the regional economy and are expanding rapidly, but financial obstacles remain a significant barrier to their future growth.
Infographic for APC 2019 Report: Highlighting Successful Atlantic Indigenous Businesses
The purpose of the study was to highlight Atlantic Indigenous business success stories and how these can inform and assist further growth.
This study shows that Atlantic Indigenous business revenues were valued at $1.6 billion in 2016. Indigenous firms are growing rapidly, creating jobs and income for both Indigenous and non-Indigenous workers. APEC’s report highlights factors that could further their growth.
Research conducted by the Canadian Council for Aboriginal Business shows that Indigenous small business owners across Canada are growing in numbers and experiencing wide-spread success in terms of profitability and growth and in ways that go beyond the bottom-line. Nationally, the number of Indigenous business owners and entrepreneurs is growing at five times the rate of self-employed Canadians overall.
Workforce talent recruitment and retention is one of the most urgent issues facing the Atlantic region. In the next decade, the Canadian economy is expected to offer significant opportunities for employment. Those opportunities reflect both Canada’s emergence as a knowledge economy and the impact of retirement from the workforce of the baby boomer generation. An expectation exists that future demand for a skilled labour force will be serviced, in part, by an increasing Indigenous workforce.
The guide talks about the ‘do it yourself’ approach to preparing a community tourism plan so it is
useful for communities having limited budgets with which to retain outside assistance. However,
doing it yourself requires a substantial commitment of time and resources and may not be realistic.