C-45 , 44th Parliament, 1st session November 22, 2021, to present

A legislative summary is currently being prepared for this bill by the Parliamentary Information, Education and Research Services of the Library of Parliament. Meanwhile, the following executive summary is available.

On 23 March 2023, the Minister of Crown-Indigenous Relations introduced Bill C-45, An Act to amend the First Nations Fiscal Management Act, to make consequential amendments to other Acts, and to make a clarification relating to another Act, and it was given first reading.

Bill C-45 amends the First Nations Fiscal Management Act to expand and modernize the mandates of the First Nations Tax Commission and the First Nations Financial Management Board in order to better reflect their current and future activities.

The enactment also establishes a First Nations Infrastructure Institute that will provide First Nations and other interested Indigenous groups and organizations with tools and support, including with respect to best practices, to implement and manage their infrastructure. It also provides First Nations named in the schedule to the First Nations Fiscal Management Act with the power to make laws to regulate services provided by or on behalf of the First Nations.

The enactment also aims to improve the functioning of that Act, including by integrating the content of the Financing Secured by Other Revenues Regulations, by combining into a single fund the debt reserve fund for financing secured by property tax revenues and the debt reserve fund for financing secured by other revenues and by simplifying the way certain Indigenous groups participate in pooled-borrowing.

Finally, the enactment makes consequential amendments to the Access to Information Act and to the Privacy Act and includes a clarification that addresses a transitional administrative oversight that followed the establishment in 2019 of the Department of Crown-Indigenous Relations and Northern Affairs and the Department of Indigenous Services.