Data from the 2024/25 fiscal year shows 59 per cent of First Nations in Canada are not meeting the requirements of the First Nations Financial Transparency Act, and non-compliance has increased substantially from almost zero (near complete compliance) in 2014/15, when Ottawa stopped enforcing violations.
The absence of enforcement of the act means there are virtually no financial consequences if leaders within First Nations governments do not complete the required financial audits.
Crucially, the amount of monies provided to First Nations by Ottawa is not insubstantial. In 2024/25, for instance, Ottawa spent over $32 billion for Indigenous groups across the country.
https://www.todayville.com/over-hal...r-comply-with-the-financial-transparency-act/
Annual planned spending for Indigenous Services Canada (ISC) is $24.09 billion for the 2026–27 fiscal year. When combined with Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC), annual federal spending on Indigenous priorities has reached roughly $63 billion.
Sixty-three billion Canadians dollars every year. Coincidentally, National defence spending in Canada also valued at $63 billion in '25/'26 budget.