Executive Summary

Assessing the financial impact

• The Panel’s new approach provides more funding to the territories than they currently receive under the New Framework.

• Under the legislated New Framework, total TFF funding is $2.14 billion in 2007–08. In 2007–08, the Panel’s new approach means an additional $60 million for the territories.

The Panel’s approach provides more funding to the territories than they currently receive under the New Framework.

• Over five years, from 2005–06 to 2009–10, the Panel’s approach would provide an additional $285 million more than the legislated New Framework. To put that in perspective, the Panel’s approach would result in a 20 percent increase in total funding for TFF over five years, while the New Framework would result in a 15 percent increase.

• In 2007–08, each of the territories would receive additional funding under the Panel’s approach compared with the TFF entitlements for 2006–07 announced by the federal Minister of Finance in November 2005. On a per capita basis, the Panel’s approach translates into $18,148 per capita in the Northwest Territories, $29,165 per capita in Nunavut, and $17,114 per capita in Yukon.

• Under the Panel’s approach, total funding for TFF would also be higher than under the previous TFF formula and each territory would receive more funding than under the previous TFF formula.

Comparison of the Panel’s Approach with the New Framework, 2005–06 to 2009–10

Comparison of the Panel’s Approach for 2007–08 with Announced Entitlements for 2006–07, by Territory

Note: TFF entitlements for 2006–07 were announced by the federal Minister of Finance in November 2005, based on October 2005 data.

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