What is a Yukon First Nations Business?

A Yukon First Nations Business is defined on pages 4 and 5 of the government's Procurement Policy (GAM 2.6, Section 1(2)(qq)).

These 4 types of businesses are defined as Yukon First Nations Businesses. There are different requirements for each business type.

Corporations

There are 2 separate ways a Corporation can be considered a Yukon First Nations Business.

  • 100% of the shares are owned by a Yukon First Nation Person, or another Yukon First Nations Business; OR
  • 51% of the Corporation voting shares are owned by Yukon First Nation Person, or another Yukon First Nations Business

Partnerships

A partnership or limited partnership can be considered a Yukon First Nations Business is 50% of the partnership is owned by Yukon First Nation Person, or another Yukon First Nations Business

Not for Profit Organisations

There are 2 separate ways a not for profit organisations can be considered a Yukon First Nations business.

  • 100% of the organisation is owned by a Yukon First Nation Person, or another Yukon First Nations Business; OR
  • 51% of its membership comprised of Yukon First Nations People.

Sole Proprietorship

A sole proprietorship can be considered a Yukon First Nations if it is owned by Yukon First Nation Person.

A sole proprietorship owned by a non-Yukon First Nations Person, which supports a Yukon First Nation spouse or common law partner, and/or a Yukon First Nations family, may qualify as a Yukon First Nations Business