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Message from the Chair
This message will be updated at quarterly intervals alongside the IRC Board Summary Newsletter.
Please check back often for a new message and update from the chair.
I am pleased to share the good news of how well IRC - including IDC, IIC, ILC, and IPC - performed financially in 2017. IRC had a record pre-tax earnings of $83 million and a profit of $69.3 million for the year ended December 31, 2017. These returns are primarily from the business operations of IDC and supplemented from the investment returns of IIC. In accordance with the Distribution Policy, a portion of the earnings is returned to beneficiaries every year.
This year saw $2,462,994 paid to 4,590 enrolled beneficiaries of the Inuvialuit Trust. It was good to see more than 80 newly enrolled beneficiaries, who just turned 18, receiving their first distribution payment of $536.60!
Working closely with the other Inuit land claim organizations, IRC participated in the Inuit-Crown Partnership Committee (ICPC) to review progress made since its formation last year. At the end of March, Prime Minister Justin Trudeau and the Committee agreed to carry forward the (7) priority areas established in Year One, and add Environment and Climate Change as a new priority. We also discussed how to build on the momentum of the past year to further advance important priorities and policies. IRC will be co-hosting an ICPC meeting in late June with federal Ministers in Inuvik to develop implementation strategies like housing.
Now it is time to celebrate the end of the school year and, of course, graduations. Recently many Inuvialuit students graduated from Aurora College with certificates, diplomas and degrees in the areas of Environmental & Natural Resources Technology, Office Administration, Business Administration, Early Childhood Development as well as Bachelor of Science (Nursing). Congratulations go to all the students on their achievement and hard work. IRC recognizes the importance of pursuing educational goals to develop the capacity of Inuvialuit.
I would also like to congratulate all the high school graduates in the ISR and beyond. Job well done! You have achieved a great milestone and your success is the result of your hard work and dedication. We encourage you to consider post-secondary pursuits as the next step in your journey.
Coming up in June, IRC will be holding its annual Corporate Group Tour to the communities. Come and listen to our reports on the activities of the Inuvialuit Corporate Group. We also welcome your concerns, questions and suggestions.
Inuit from Canada, Alaska, Greenland and Chukotka will come together July 16 to 19 in Utqiagvik, Alaska under the banner Inuit - The Arctic We Want. This General Assembly will see 66 delegates take stock of where Inuit are and discuss the Arctic we want. The Inuvialuit will have (3) delegates in attendance as part of the Canadian delegation. On the cultural front, the Aklavik Delta Drummers and Dancers will proudly represent the Inuvialuit. Also in August, IRC will host the ITK AGM; dates will be announced soon.
On a final note, stay tuned this summer for the release of the online modules of the IFA-101 Project’s eLearning Program. It will help not only beneficiaries, but all Canadians, achieve a better understanding of how the Inuvialuit Final Agreement (IFA) is the tool that recognizes and protects our rights as Inuvialuit - indigenous people within Canada - as well as the obligations of Canada to work proactively with IRC to ensure the successful implementation of the IFA.
Wishing you a successful Spring/Summer harvest. Please be safe when travelling on the land - wear your life jackets when boating!
Quyanainni! Koana! Quyanaqpak!