First Nations Financial Management Board

1. May 4, 2026 implementation High confidence $6.5 billion

   The Auditor General found that Indigenous Services Canada had not demonstrated whether new fiscal initiatives with First Nations were improving outcomes.

   The audit challenged the assumption that longer grant terms and reduced reporting automatically equal a functioning new fiscal relationship. It found unfulfilled commitments, incomplete monitoring, and no outcome assessment despite $6.5 billion in 10-year grants through 2024-25.

This is a record of what has been reported from public sources, not a description of this Nation's affairs. It is deliberately selective and makes no claim to be complete.