First Nations Certainty of Land Title Act Introduced to Help First Nations Develop Commercial Real Estate on Reserves
On December 10, 2009, the Government of Canada introduced the First Nations Certainty of Land Title Act (the "Act") to amend the First Nations Commercial and Industrial Development Act, which was developed in consulation with five First Nations: the Squamish Nation in British Columbia; the Fort McKay First Nation and Tsuu T'ina Nation in Alberta; the Carry the Kettle First Nation in Saskatchewan; and, the Fort William First Nation in Ontario.
The First Nations Certainty of Land Title Act would permit the registration of on-reserve commercial real estate developments in a system that replicates the provincial land titles or registry system. This would help make the value of on-reserve properties, including housing, stores, offices, and other buildings, comparable to equivalent properties off reserve land.
The Act is optional legislation triggered only at the request of a First Nation.