FNFTA Insights

MississaugaFiscal year 2024-2025

← 2023–24

First Nations / Band 200 · Ontario

Mississauga

Fiscal year 2024-2025 (year-end 2025-03-31) · 1,595 registered · 386 on reserve · Mamaweswen, The North Shore Tribal Council

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At a glance · FY 2024-2025

Annual surplus (deficit)

-$134M

-$133,743,403

Total revenue

$36.3M

$36,328,899

Total expenses

$170M

$170,072,302

Accumulated surplus

$256M

$256,111,754

Total financial assets

$257M

$257,291,136

Total financial liabilities

$20.4M

$20,374,640

Net financial assets (debt)

$237M

$236,916,496

Total non-financial assets

$19.2M

$19,195,258

Revenue and expenses · FY 2024-2025

As published. Line items from the Statement of Operations, ranked by amount.

Revenue

  • Other revenue$15.0M
  • Indigenous Services Canada$13.9M
  • Province of Ontario$2.08M
  • Government of Canada - Other$1.90M
  • OFNLP$1.39M
  • North Shore Tribal Council$857K
  • Band operated enterprises$537K
  • Robinson Huron Treaty Litigation Fund$399K
  • Income from government business entities$175K
  • Mississagi Trust Funds$154K
  • Amounts earned in Trust Funds$38.2K
  • Gain on sale of portfolio investments-$18.7K
  • Recovery of prior year funds-$50.0K

Expenses

  • Other$156M
  • Education$3.64M
  • Social Services$2.45M
  • Medical$2.45M
  • Infrastructure maintenance$1.68M
  • Enterprises$1.39M
  • Administration$1.31M
  • Social assistance$516K
  • Capital$370K
  • Mississagi Trust distributions$286K
  • Amounts released from Trust Funds$38.2K

Reconciliation: revenue $36.3M − expenses $170M = -$134M deficit

Data by fiscal year

Each row is a fiscal year; every cell opens that data product. Missing data is shown, not hidden.

Fiscal yearStatement tables, notes, schedulesOperationsFinancial positionHeadline figuresCouncil paySource PDF
2024-2025viewingViewViewViewViewPosted, not capturedPDF
2023-2024Posted, not captured———Posted, not capturedPDF
2022-2023Posted, not captured———Posted, not capturedPDF
2021-2022Posted, not captured———10 rowsPDF
2020-2021Posted, not captured———14 rowsPDF
2019-2020Posted, not captured———Posted, not capturedPDF
2018-2019Posted, not captured———9 rowsPDF
2017-2018Posted, not captured———17 rowsPDF
2016-2017Posted, not captured———10 rowsPDF
2015-2016Posted, not captured———1 rowsPDF
2014-2015Posted, not captured———13 rowsPDF
2013-2014Posted, not captured———10 rowsPDF

Statements as published · FY 2024-2025

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Statement of Financial Position

FY 2024-2025 · PDF page 5

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20252024
Cash (Note 2)n2247,387,7627,580,012
Accounts receivable (Note 4)n46,243,5484,386,734
Robinson Huron Treaty settlement receivable (Note 5)n5-⚑369,066,634
Housing loans (Note 6)n6115,261151,260
Portfolio investments (Note 7)n7149,619168,310
Investment in government business enterprise (Note 9)n9602,768478,165
Due from funders (Note 13)n131,000,482215,344
Due from the Mississagi Trust - restricted (Note 8)n81,755,0441,887,412
Trust Funds held by Federal Government (Note 10)n1036,652103,655
[total financial assets]257,291,136384,037,526
Accounts payable and accrued liabilities (Note 11)n111,895,4381,160,655
Deferred revenue (Note 12)n1216,857,4926,619,001
Long term debt (Note 14)n141,621,7101,809,502
[total liabilities]20,374,6409,589,158
Net financial assets236,916,496374,448,368
Tangible capital assets (Schedule 1)19,169,02015,256,111
Prepaid expenses and inventory of supplies26,238150,678
[total non-financial assets]19,195,25815,406,789
Accumulated surplus, end of year (Note 15)n15256,111,754389,855,157

Statement of Operations

FY 2024-2025 · PDF page 6

Rev − Exp = Surplus: matched
Budget(budget)20252024
Indigenous Services Canada25,431,06713,861,13711,013,462
Government of Canada - Other914,8891,904,477624,647
Province of Ontario2,749,2562,077,4712,176,093
North Shore Tribal Council512,649856,6251,353,793
Band operated enterprises943,479536,988547,344
OFNLP763,9921,392,2661,126,064
Robinson Huron Treaty Litigation Fund (Note 5)n5-⚑398,625369,066,634
Other revenue4,570,78315,003,2823,431,607
Mississagi Trust Funds-⚑153,830107,709
Amounts earned in Trust Funds (Note 10)n10-⚑38,22318,364
Income from government business entities (Note 9)n9-⚑174,675129,286
Gain on sale of portfolio investments-⚑(18,691)205
Recovery of prior year funds-⚑(50,009)-⚑
[total revenue]35,886,11536,328,899389,595,208
Social assistance277,450515,5481,133,163
Administration989,1741,310,1201,320,816
Infrastructure maintenance738,4321,679,9991,490,750
Education3,187,1643,644,7233,200,590
Capital442,293370,110102,857
Medical2,517,7442,453,2472,745,527
Social Services2,483,5532,453,4292,131,348
Enterprises978,6731,387,8661,279,476
Other4,256,125155,932,8393,713,526
Amounts released from Trust Funds (Note 10)n10-⚑38,22318,364
Mississagi Trust distributions-⚑286,198115,738
[total expenses]15,870,608170,072,30217,252,155
Annual surplus (deficit)20,015,507(133,743,403)372,343,053
Accumulated surplus, beginning of year389,855,157389,855,15717,512,104
Accumulated surplus, end of year409,870,664256,111,754389,855,157

Statement of Changes in Net Financial Assets

FY 2024-2025 · PDF page 7

Budget(budget)20252024
Annual surplus (deficit)20,015,507(133,743,403)372,343,053
Acquisition of tangible capital assets(14,005,768)(5,223,578)(3,836,372)
Amortization of tangible capital assets-⚑1,291,8191,154,914
Gain on disposal of tangible capital assets-⚑18,850-⚑
Prepaid expenses and inventory of supplies-⚑124,44017,636
Net change in net financial assets6,009,739(137,531,872)369,679,231
Net financial assets, beginning of year374,448,368374,448,3684,769,137
Net financial assets, end of year380,458,107236,916,496374,448,368

Statement of Cash Flows

FY 2024-2025 · PDF page 8

20252024
Annual surplus (deficit)(133,743,403)372,343,053
Loss on disposal of tangible capital assets18,850-⚑
Amortization1,291,8191,154,914
Loss (gain) on sale of portfolio investments18,691(205)
[subtotal operating items not involving cash](132,414,043)373,497,762
Accounts receivable(1,856,814)(1,241,963)
Robinson Huron Treaty settlement receivable369,066,634(369,066,634)
Prepaid expense124,44017,636
Deferred revenue10,238,491703,600
Due from the Mississagi Trust132,3688,029
Trust Funds held by Federal Government67,00355,871
Accounts payable734,783146,484
Due to funders(785,138)(597,167)
[subtotal changes in non-cash operating balances]245,307,7243,523,618
Acquisition of tangible capital assets(5,223,578)(3,836,372)
Housing loans35,99940,395
Investment in Mississaugi Retail Cannabis Corporation(124,603)(83,066)
[subtotal investing activities](88,604)(42,671)
Payments on long term debt(187,792)(189,225)
Increase (decrease) in cash239,807,750(544,650)
Cash, beginning of year7,580,0128,124,662
Cash, end of year247,387,7627,580,012

Schedules as published

Schedule 1 - Consolidated Tangible Capital AssetsPDF p. 22
LandLand Improvements/ Buildings(other)Housing(other)Infrastructure(other)Roads(other)Heavy Equipment(other)Furniture & Vehicles(other)Equipment(other)Construction in Progress(other)Total 2025(other)Total 2024(other)
Cost, beginning of year110,932,75812,572,9342,890,0322,101,348398,5103,027,2261,521,9561,389,16834,833,93330,997,561
Additions-⚑158,586-⚑203,859-⚑-⚑755,857324,6693,780,6075,223,5783,836,372
Disposals-⚑-⚑-⚑-⚑-⚑-⚑(399,736)-⚑-⚑(399,736)-⚑
Capitalized construction
Cost, end of year111,091,34412,572,9343,093,8912,101,348398,5103,383,3471,846,6255,169,77539,657,77534,833,933
Accumulated amortization, beginning of year-⚑6,735,7906,089,0982,168,1611,744,948350,7631,707,523781,539-⚑19,577,82218,422,908
Amortization-⚑266,114417,60279,94725,87112,943344,997144,345-⚑1,291,8191,154,914
Disposals-⚑-⚑-⚑-⚑-⚑-⚑(380,886)-⚑-⚑(380,886)-⚑
Accumulated amortization, end of year-⚑7,001,9046,506,7002,248,1081,770,819363,7061,671,634925,884-⚑20,488,75519,577,822
Net carrying amount, end of year 202514,089,4406,066,234845,783330,52934,8041,711,713920,7415,169,77519,169,020-⚑
Net carrying amount, end of year 202414,196,9686,483,836721,871356,40047,7471,319,703740,4171,389,168-⚑15,256,111
Schedule 2 - Consolidated Segment DisclosurePDF p. 24
Social AssistanceAdministration(other)Infrastructure Maintenance(other)Education(other)Capital(other)Medical(other)Social Services(other)Enterprises(other)Other(other)Total 2025(other)Total 2024(other)
Indigenous Services Canada20,962861,1641,028,3143,157,7754,095,7461,720,6802,151,23223,467801,79713,861,13711,013,462
Government of Canada - Other-⚑-⚑-⚑-⚑1,309,963-⚑-⚑345,636248,8781,904,477624,647
Province of Ontario-⚑174,10423,285130,974-⚑410,507108,969-⚑1,229,6322,077,4712,176,093
North Shore Tribal Council275,810-⚑-⚑-⚑-⚑25,473-⚑-⚑555,342856,6251,353,793
Band operated enterprises-⚑-⚑-⚑-⚑-⚑-⚑-⚑536,988-⚑536,988547,344
Robinson Huron Treaty Litigation Fund-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑398,625398,625369,066,634
Other8,728857,561184,58534,564300,860301,544136,872286,82514,632,04616,743,5854,813,235
Recovery of prior year funds-⚑-⚑-⚑-⚑-⚑(50,009)-⚑-⚑(50,009)-⚑-⚑
[total revenue]305,5001,892,8291,236,1843,323,3135,706,5692,408,1952,397,0731,192,91617,866,32036,328,899389,595,208
Salaries, wages and benefits312,2191,191,741246,020814,660-⚑1,464,6121,441,531486,1852,596,9048,553,8727,919,488
Materials and supplies43,859319,588244,201151,3751,101,623602,704872,306341,866746,1484,423,6703,975,169
Contracted services8,398531,487359,886106,586(755,659)(151,258)131,270620,946129,545981,2011,168,348
Rents and financial expenses121,18893,840115,793-⚑(376)46,2553,57311,96565,670457,908138,869
External transfers8,877-⚑-⚑1,999,852-⚑-⚑-⚑-⚑99,4662,108,1952,477,447
Payouts to Band Members-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑152,000,571152,000,571-⚑
Travel and training4,63621,2103,10216,661-⚑55,43962,9105,57385,535255,066417,919
Amortization19,16720,298409,35243,264-⚑61,43876,443568,67093,1871,291,8191,154,915
Transfers between segments(2,796)(868,044)301,645512,32524,522374,057(134,604)(647,339)440,234-⚑-⚑
[total expenses]515,5481,310,1201,679,9993,644,723370,1102,453,2472,453,4291,387,866156,257,260170,072,30217,252,155
Excess (deficiency) of revenue over expenses(210,048)582,709(443,815)(321,410)5,336,459(45,052)(56,356)(194,950)(138,390,940)(133,743,403)372,343,053

Notes to the financial statements

Verbatim, as published. Statement lines above link to their notes.

Note 2Cash

20252024
Externally restricted - CMHC reserves418,553386,236
Internally restricted - Robinson Huron Treaty reserves228,515,462-⚑
Unrestricted18,453,7477,193,776
[total]247,387,7627,580,012
Note 4Accounts receivable

20252024
Due from members - CMHC Housing arrears401,367411,628
Less: allowance for doubtful accounts [Due from members - CMHC Housing arrears](373,979)(390,100)
[subtotal Due from members - CMHC Housing arrears]27,38821,528
Due from members - Housing Rent to Own arrears224,262239,589
Less: allowance for doubtful accounts [Due from members - Housing Rent to Own arrears](213,765)(230,754)
[subtotal Due from members - Housing Rent to Own arrears]10,4978,835
Indigenous Services Canada942,6811,119,948
Government of Canada - Other1,613,106169,826
Province of Ontario697,038846,750
North Shore Tribal Council869,177365,026
Union of Ontario Indians855,599645,369
Nogdawindamin771,066568,254
Other616,094777,281
Less: allowance for doubtful accounts [Other](159,098)(136,083)
[subtotal Other]6,205,6634,356,371
[total]6,243,5484,386,734
Note 6Housing loans

20252024
Housing proceeds receivable195,554251,775
Present value write down(80,293)(100,515)
[total]115,261151,260
Note 7Portfolio Investments

20252024
CEW Superior VI Limited Partnership - 5,099 Class A units [Cost]5151
Equities and mutual funds [Market value]149,568168,259
[total Market value]149,619168,310
Note 9Investment in government business enterprise

20252024
Issued common shares - 100100100
Accumulated surplus402,718228,043
Loan receivable, 0% interest, repayable $42,700 annually, due March 31, 2031200,050250,122
Advances, interest free, unsecured, no specific terms of repayment(100)(100)
[total]602,768478,165
20252024
Assets654,468494,226
Liabilities251,650266,083
Retained earnings402,818228,143
Revenue1,804,6171,530,408
Expenses1,629,9421,407,610
Net income for the year174,675122,798
Note 10Trust Funds held by Federal Government

March 31, 2024Additions 2025(other)Withdrawals 2025(other)March 31, 2025(other)
Revenue12,65538,223(14,226)36,652
Capital91,000-⚑(91,000)-⚑
[total]103,65538,223(105,226)36,652
Note 11Accounts payable

20252024
Trade payables1,515,335821,511
Elementary and Secondary tuition payables232,883221,195
Accrued wages and employee benefits payable147,220117,949
[total]1,895,4381,160,655
Note 12Deferred revenue and government transfers

Balance March 31, 2024Funding Received 2025(other)Revenue Recognized 2025(other)Balance March 31, 2025(other)
Indigenous Services Canada4,796,78723,624,88713,861,13714,560,537
Gov't of Canada - Other505,2171,968,6171,904,477569,357
Province of Ontario113,1402,372,4372,077,471408,106
North Shore Tribal Council-⚑875,782856,62519,157
Enterprises-⚑536,988536,988-⚑
OFNLP-⚑1,392,2661,392,266-⚑
Robinson Huron Treaty-⚑718,461398,625319,836
Other1,203,85715,077,95215,301,310980,499
[total]6,619,00146,567,39036,328,89916,857,492
20252024
Social Assistance-⚑3,428
Administration19,157408,832
Infrastructure maintenance418,299375,911
Education1,318,0421,185,761
Capital10,640,8711,505,401
Medical990,4721,142,189
Enterprises-⚑46,133
Other2,130,6251,339,493
Social services1,340,026611,853
[total]16,857,4926,619,001
Note 13Due to (from) funders

20252024
Province of Ontario532,333530,800
Indigenous Services Canada(1,532,815)(746,144)
[total](1,000,482)(215,344)
Note 14Long term debt

20252024
CMHC Mortgage at 1.78%, due in monthly payments of $3,777 including interest, maturing June 1, 2026, guaranteed by ISC56,133100,103
CMHC Mortgage at 3.74%, due in monthly payments of $2,613 including interest, maturing April 1, 2028, guaranteed by ISC91,520119,032
CMHC Mortgage at 1.30%, due in monthly payments of $4,704 including interest, maturing April 1, 2026 guaranteed by ISC260,171312,939
CMHC Mortgage at 3.64%, due in monthly payments of $2,780 including interest, maturing August 1, 2029, guaranteed by ISC373,959394,278
CMHC Mortgage at 3.64%, due in monthly payments of $3,058 including interest, maturing August 1, 2029, guaranteed by ISC411,292433,639
CMHC Mortgage at 0.96%, due in monthly payments of $2,026 including interest, maturing March 1, 2026, guaranteed by ISC350,398371,274
Indigenous Affairs Native Claims Loans, due to be deducted from the proceeds on settlement of the claim, plus interest at the Minister of Finance rate only upon default of payment78,23778,237
[subtotal]1,621,7101,809,502
Less current portion189,960192,755
[total]1,431,7501,616,747
Amount
2026189,960
2027160,253
2028152,443
2029127,327
2030113,250
Thereafter878,477
[total]1,621,710
Note 15Accumulated surplus

20252024
Robinson Huron Treaty228,515,462369,066,634
Medical - Long term care36,01736,017
Health - Bus10,36510,365
Scholarships7,1437,143
Donnie MacIver Bursary9,0009,000
Casino Rama - Community Development5,316,1614,334,376
Redpine Complex3,6103,610
CMHC Housing Replacement24,502-⚑
CMHC Housing Operating38,455-⚑
Land Resources62,03462,034
Day Care3,2473,247
Band Vehicles Replacement16,62816,628
Patient transportation53,03053,030
School Bus28,671-⚑
First Nation Fuel Charge Proceeds1,182,249-⚑
Social Services Fundraising8,713-⚑
Negotiations and Implementation42,22542,225
Forestry89,13889,138
Joint Action Ratification Plan (Land Code)165,843-⚑
Internal funds held in trust - revenue1,106,075994,560
[subtotal Reserves set aside for specific purposes by the First Nation]236,718,568374,728,007
Equity in tangible capital assets17,625,55313,524,846
Members' equity (deficit)(426,881)(616,906)
Restricted Mississagi Trust reserve1,755,0441,887,412
Funds held in trust by Federal Government36,652103,655
Equity in enterprises402,818228,143
[total]256,111,754389,855,157
Amount
Reserves2,541,738
Reserves - Robinson Huron Treaty(140,551,171)
Equity in tangible capital assets4,100,702
Members' surplus (deficit)190,025
Restricted Mississagi Trust reserve(132,368)
Funds held in trust(67,004)
Equity in enterprises174,675
[total](133,743,403)
Note 17Funding reconciliation

Amount
Indigenous Services Canada revenue per the financial statements13,861,137
2024 Solid waste and service amount on confirm but recorded in 2024145,635
2025 Solid waste and service amount not on confirm(223,067)
2024 Band Representative Services on confirm but recorded in 2024462,505
2025 Band Representative Services not on confirm(683,502)
2025 Tuition not on confirm(565,674)
Child Mental Health amount on confirm but not received until April 2025 and is for 25/2696,786
Medical travel reimbursements(65,376)
Other(1,188)
Less: Deferred revenue, beginning of year(4,796,787)
Add: Deferred revenue, end of year14,560,537
[total Indigenous Services Canada revenue per funding confirmation]22,791,006

Chief and council pay · FY 2024-2025

Filed under the FNFTA as the Schedule of Remuneration and Expenses.

A remuneration schedule is posted for this year but is withheld from the current certified release. The source PDF is linked under Sources below.

Specific land claims

All years, from the ISC specific-claims reporting centre, not the financial statement.

200 Acre Mill LotInvited to Negotiate—

Active

Filed 2015/02/02 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

FloodingInvited to Negotiate—

Active

Filed 2008/10/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

HighwaySettled$230,000

Settlement Report on Specific Claims

Settled 1997/01/13 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Northern BoundarySettled$8,050,000

Settlement Report on Specific Claims

Settled 1994/07/14 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Southern BoundaryConcluded—

No Lawful Obligation Found

Filed 2008/10/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Treaty RightsConcluded—

No Lawful Obligation Found

Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Total reported settlements (6 claims)—

Community context

Governance

Chief
BRENT ALEXANDER NIGANOBE (term to 2026-12-06)
Council
9 councillors
Election system
Custom Electoral System
Tribal council
Mamaweswen, The North Shore Tribal Council
Show council
  • DENISE MARIE KAREN BOYER-PAYETTE Councillor
  • JUBILANT SKY CADA Councillor
  • CRYSTAL DAWN CHIBLOW Councillor
  • GUY "CHANCE" COUNSELL Councillor
  • ROGER NORMAN DAYBUTCH Councillor
  • KENNETH DANIEL MACLEOD Councillor
  • LAURA LOUISE IRENE MAYER Councillor
  • DOMINIC DWAYNE MORNINGSTAR Councillor
  • PEYTON CHELSEA PITAWANAKWAT Councillor

Reserves and location

Reserves
1 reserves
Region
ONTARIO · near Sault Ste Marie
Show reserves
  • MISSISSAGI RIVER 8 · 16,075 ha

Population

Registered
1,595
On reserve
386
As of
May, 2026
Show full breakdown
  • On own reserve: 386 · 179 M / 207 F
  • On other reserves: 5 · 5 M / 0 F
  • On own Crown land: 0 · 0 M / 0 F
  • On other band Crown land: 0 · 0 M / 0 F
  • On no band Crown land: 0 · 0 M / 0 F
  • Off reserve: 1,204 · 576 M / 628 F

Registry facts from the ISC First Nation profiles; land and coordinates from federal open data.