Territorial Formula Financing
| Transfer payments in Canada |
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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 2011-12 fiscal year, the Yukon will receive $706 million ($20,163 per capita), the North West Territories $996 million ($22,626 per capita) and Nunavut $1.175 billion ($35,099 per capita) for a total of $2.876 billion.