Per-capita distribution
Indigenous RightsA payment made by a First Nation to its members, usually from settlement funds, resource revenues, or other band income. These payments are divided equally among eligible members. Whether a per-capita distribution is taxable depends on the source of the funds and Section 87 analysis.
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Revenue account
One of two types of band trust accounts held by ISC. Revenue accounts hold money from renewable resource royalties, fines, and interest. Bands have more flexibility spending from revenue accounts than capital accounts, but ISC still maintains oversight.
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Section 87
The section of the Indian Act that exempts the personal property of a Status Indian situated on a reserve from taxation. In practice, this can apply to employment income, investment income, and purchases — but only when specific conditions (the connecting factors test) are met. It does not mean all income is automatically tax-free.
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Trust fund (ISC-held)
Money held by the federal government on behalf of a First Nation, managed by Indigenous Services Canada. These funds come from land surrenders, resource extraction, and settlements. Many communities are working to take direct control of their trust funds for self-determined investment.