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
Melville Island (Northwest Territories and Nunavut) deposits. The island was believed to have deposits of coal and oil shale since the first half of the 20th century. The first Canadian Arctic island exploratory well was spudded in 1961 at Winter Harbour. It drilled Lower Paleozoic strata to a total depth of . In the 1970s, the northern portion of the island on the east side of the Sabine Peninsula proved to contain a major gas field, known as Drake Point. The lease was owned by Panarctic Oils, a joint operation with the Canadian Government. Melville Island (Northwest Territories and Nunavut) Melville Island is an uninhabited island