Investment of Local Revenues

Council must also create a policy for the investment of local revenues .

This policy includes the steps to limit the investment of local revenues to:

  • securities issued or guaranteed by Canada or a province
  • securities of a local, municipal, or regional government in Canada
  • investments guaranteed by a bank, trust company, or credit union
  • deposits in a bank or trust company in Canada or non-equity or membership shares in a credit union
  • securities issued by the First Nations Finance Authority or a municipal finance authority established by a province