Territorial Formula Financing capita), the Northwest Territories $996 million ($22,626 per capita) and Nunavut $1.175 billion ($35,099 per capita) for a total of $2.876 billion. Territorial Formula Financing 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
Nunavut and all of the islands in Hudson Bay, James Bay, and Ungava Bay, including the Belcher Islands, all of which belonged to the Northwest Territories from which Nunavut was separated. This makes it the fifth-largest subnational entity (or administrative division) in the world. If Nunavut were a country, it would rank 15th in area. Nunavut has long land borders with the Northwest Territories on the mainland and a few Arctic islands, and with Manitoba to the south of the Nunavut mainland; it also meets Saskatchewan to the southwest at a quadripoint). Through its small satellite territories in the southeast, it