A Yukon First Nations Business is defined in the government's Procurement Policy (GAM 2.6, Section 1(2)(qq)).
A Yukon First Nations Business is a business that meets one of the following criteria:
(i) a corporation or not-for-profit corporation where one or more Yukon First Nations is the direct or beneficial owner of 100% of the shares of the corporation;
(ii) a sole proprietorship owned by a Yukon First Nation Person;
(iii) a partnership or limited partnership where at least 50% of the partnership is owned by a Yukon First Nation Person or an organization described in (i) or (ii);
(iv) a corporation with at least 51% of the corporation’s voting shares owned by a Yukon First Nation Person or an organization described in (i) or (ii); or
(v) a not-for-profit organization in good standing under the Societies Act with at least 51% of its membership comprised of Yukon First Nations People.
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. The Government will engage the relevant Yukon First Nations government during its review.
A Yukon First Nation Business seeking to be verified on the Yukon First Nation Business Registry will also be required to sufficiently prove that:
(i) it is beneficially owned and actively controlled by one or more Yukon First Nations businesses or Yukon First Nation Persons; and
(ii) the bona fide purpose of the business is to provide substantial benefits, whether financial or otherwise, to a Yukon First Nation business or Yukon First Nation Person.
Businesses that meet the above criteria will be listed on the Yukon First Nation Business Registry. The verification process timelines are subject to the complexity of the business application.