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Distribution Payment

Distribution Payment

In 2016, the Board of Directors of Inuvialuit Regional Corporation (IRC) approved a distribution payment of $538.60 to all enrolled Inuvialuit beneficiaries over the age of 18. A total of $2,422,666 was paid to 4,497 beneficiaries over the age of 18 and enrolled in the Inuvialuit Trust.

The distribution payments are based on 15 per cent of the Average Comprehensive Income for the preceding 10-year period as determined by IRC’s audited consolidated financial statements, prepared in accordance with the International Financial Reporting Standards.

IRC subsidiaries – Inuvialuit Development Corporation, Inuvialuit Investment Corporation, Inuvialuit Land Corporation and Inuvialuit Petroleum Corporation – contribute to the distribution.

The IRC Distribution Policy ensures that there is sufficient reinvestment of profits to guarantee the preservation and growth of the land claim capital for future generations of Inuvialuit. The establishment of the Elders Assistance Program and Inuvialuit Harvesters Assistance Program, the core funding of the Inuvialuit Education Foundation, Inuvialuit Charitable Foundation and Community Corporations have all been made possible through such reinvestment.

If you have questions concerning the distribution payment, please contact:

Inuvialuit Regional Corporation 
Legal and Enrolment
107 Mackenzie Road
Bag Service #21
Inuvik, NT X0E 0T0
Tel: (867) 777-7000
Fax: (877) 289-2389