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 Nations Individual or Business, or
  • 51% of the voting shares are owned by Yukon First Nations Individual or Business

Partnerships

A partnership or limited partnership is a Yukon First Nations Business if:

  • 50% owned by a Yukon First Nations person; OR
  • 50% owned by a 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.

  • one or more of the Yukon First Nations is a direct or beneficial owner of 100% of the not-for-profit corporation; or
  • at least 51% of the membership is comprised of Yukon First Nation People or Businesses.

Sole Proprietorship

A sole proprietorship is a Yukon First Nations Business if:

  • it is owned by a Yukon First Nation Person; or
  • it is owned by a non-Yukon First Nation person which supports a Yukon First Nation spouse of common law partner, and/or a Yukon First Nation family.
  • non-Yukon First Nation person which supports a Yukon First Nation spouse of common law partner, and/or a Yukon First Nation family.