Revenue

The day-to-day operations of the Teslin Tlingit Council (TTC) are funded by revenues from two primary sources, the Financial Transfer Agreement (FTA) and Own Source Revenues (OSR).

Financial Transfer Agreement (FTA)

The FTA is an agreement between the Government of Canada and TTC that provides money for the operations of our government departments and the delivery of programs and services including Finance, Human Resources, Information Technology, Executive services, policy development and salaries.

Own Source Revenue

The Financial Transfer Agreement requires TTC to report and contribute a significant portion of revenues it receives on its own account.

Personal Income Tax (PIT)

The Government of Canada returns to TTC 95% of PIT paid by Teslin residents living on Settlement Land. This money is used to run the govenrment and provide services to citizens. TTC only receives the money when residents claim that they reside on Settlement Land on the Income Tax Form T1 PIT General Form. They must enter the TTC identification number 11011 (see Why Citizens Should Register as Status Indians on the Citizenship page). 50% of the PIT revenues received by TTC reduce the amount of the moneys received from Canada under the FTA.

First Nations Goods and Services Tax (GST)

The Government of Canada returns to TTC 95% of the GST based on goods and services consumed on Settlement Land. This money is used to run the govenrment and provide services to citizens. The PIT paid by residents of Settlement Land is an important factor in calculating the GST. Therefore it is important that the T1 PIT General Form is properly completed as described above. 50% of the GST revenues received by Teslin Tlingit Council reduce the amount of the moneys received from Canada under the FTA.