About 36% Of First Nations To Lose Funding For Failing To Report Finances – Huffington Post Canada

September 1, 2015

More than a third of First Nation communities across the country will have some of their federal funding withheld, starting today, because they haven’t publicly posted their financial information online.

Under the First Nations Financial Transparency Act, which came into effect last year, First Nations have to submit their audited financial statements for the past fiscal year to the Canadian government, including the salaries and expenses of their chiefs and councillors.

That information is then published on an Aboriginal Affairs and Northern Development Canada website.

Read More: http://www.huffingtonpost.ca/2015/09/01/about-36-of-first-nations-to-lose-funding-for-failing-to-report-finances_n_8069626.html