HOW WILL THE FNTC WORK?
The First Nations Tax Commission operates as part of an overall system of fiscal governance for First Nations. It is responsible for the development and regulation of the First Nation property tax system. In carrying out this role, the Commission works with First Nations, other First Nation institutions, the federal, provincial and local governments. The Commission will continue to ensure the First Nation property tax system is administratively efficient, harmonized with the rest of the country and is fair to on-reserve taxpayers. To do this the FNTC will set administrative standards, regulate matters pertaining to its property tax mandate, enforce these regulations, mediate disputes and act on behalf of the collective interest of First Nation tax administrations.
The First Nations Tax Commission operates as part of an overall system of fiscal governance for First Nations. It is responsible for the development and regulation of the First Nation property tax system. In carrying out this role, the Commission works with First Nations, other First Nation institutions, the federal, provincial and local governments. The Commission will continue to ensure the First Nation property tax system is administratively efficient, harmonized with the rest of the country and is fair to on-reserve taxpayers. To do this the FNTC will set administrative standards, regulate matters pertaining to its property tax mandate, enforce these regulations, mediate disputes and act on behalf of the collective interest of First Nation tax administrations. More specifically, the FSMA mandates the FNTC to: • approve local revenue laws under FSMA and continue to advise the Minister on the approval of section 83 by-laws; • continue to advise and assist the Minister on policy issue
