Territorial Formula Financing

Territorial Formula Financing (TFF) is an annual unconditional transfer payment from Canada's federal government to the three territorial governments of Yukon, the Northwest Territories, and Nunavut to support the provision of public services.

A significant portion of the financial resources of the territorial governments comes from the Canadian federal government through the TFF grant. For instance, during the 2005-06 fiscal year, TFF was approximately 61 per cent of Yukon’s, 66 per cent of the Northwest Territories’ and 81 per cent of Nunavut’s total financial resources.

In the 2020-21 fiscal year, Yukon will receive $1.116 billion ($27,193 per capita), the Northwest Territories $1.479 billion ($33,221 per capita) and Nunavut $1.772 billion ($44,796 per capita) for a total of $4.18 billion.

External links

• Territorial Formula Financing Department of Finance Canada - Definition of Territorial Formula Financing