This document was prepared by Fisheries and Oceans Canada (DFO) and presents a cost-benefit analysis for the establishment of the proposed Tuvaijuittuq Marine Protected Area (which has been officially announced on November 16, 2020). The objectives of the report were to: (1) provide a baseline scenario of economic activities occurring in the area, and (2) analyze the net economic benefits generated by the development of the MPA either qualitatively or quantitatively, if feasible. The findings of the report contributed to the designation of the proposed Tuvaijuittuq MPA.