The registered population of Webequie was 1320 persons in September 2015, of which the on-reserve population was over 900. The reserve is entirely surrounded by territory of the Unorganized Kenora District.
When the Treaties were created between the Canadian government and the Aboriginal people of Canada, Webequie was mistakenly listed as part of the community of Fort Hope. They lived under this error until May 1985, when they were recognized as a distinct band. Despite this, the people of Webequie had to fight until February 15, 2001, to achieve full reserve status.
The name "Webequie" comes from the Anishinini word webikwe meaning "shaking Head."