Can a First Nation generate its own revenues?

Yes. Revenues can be generated by leasing and granting rights and licenses in First Nation land. A First Nation can also develop its own land directly and generate profit.

Taxation powers are not included in the Framework Agreement.

What happens to revenues previously collected by Canada?

The Framework Agreement provides that revenue moneys of the First Nation previously collected and held by Canada will be transferred to the First Nation when its Land Code comes into effect.

Revenue funds include accumulated interest on capital accounts and funds collected by Canada such as lease revenue.