Canada Elections Act

Version of section 405.3 from 2014-06-19 to 2014-12-18:


Marginal note:Prohibition — making indirect contributions

  •  (1) No individual shall make a contribution to a registered party, a registered association, a candidate or a leadership contestant or a nomination contestant that comes from money, property or the services of any person or entity that was provided to that individual for that purpose.

  • Marginal note:Exception — candidates and leadership contestants

    (2) Despite subsection (1), a candidate or a leadership contestant may make a contribution under subsection 405(4.2) that comes from money provided by way of a loan to the candidate or leadership contestant made in writing by a financial institution as defined in section 2 of the Bank Act at a fair market rate of interest, as long as no security is given for the loan except property of the candidate or leadership contestant, as the case may be.

  • 2003, c. 19, s. 25;
  • 2006, c. 9, s. 49;
  • 2014, c. 12, s. 83.
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