EDITOR'S NOTE: A version of this article originally appeared on SooToday on March 28. It is being republished here for readers who may have missed it.
According to those social media posts, the litigation fund received $5 billion from Ontario March 15, and has been accruing $600,000 in interest each day since. The remaining $5 billion in settlement dollars from Canada was deposited March 25. The annual treaty payments to Anishinaabe beneficiaries, also known as annuities, have remained at $4 per person since 1875. Prior to that, the annuities were equivalent to $1.60 per person.
A $10-billion settlement was announced in 2023, despite Ontario continuing its appeal of previous court decisions during the annuities claim. Increases to future annuity payments, meanwhile, have yet to be determined. Priority Payment 3 is divided into two, with half going to First Nations who participated in the trust proportional to the respective population, which would be subject to a verification process. The other half would then go to First Nations who participated in the trust proportional to the number of annuitants within their respective populations.
While those changes are being decided upon, RHTLF will prepare to pay out funds in accordance with Priority Payment 1 of the disbursement agreement. No timeline has been provided for the payout.
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