Marginal note:Return on financial transactions
424 (1) For each fiscal period of a registered party, its chief agent shall provide the Chief Electoral Officer with
(a) a financial transactions return, substantially in the prescribed form, on the registered party’s financial transactions;
(b) the auditor’s report on the financial transactions return made under subsection 426(1);
(c) a declaration in the prescribed form by the chief agent concerning those financial transactions; and
(d) a trust fund return prepared under section 428 and the auditor’s report on it made under subsection 426(1).
Marginal note:Contents of return
(2) A financial transactions return must set out
(a) a statement of contributions received from the following classes of contributor: individuals, businesses, commercial organizations, governments, trade unions, corporations without share capital other than trade unions, and unincorporated organizations or associations other than trade unions;
(b) the number of contributors in each class listed in paragraph (a);
(c) subject to paragraph (c.1), the name and address of each contributor in a class listed in paragraph (a) who made contributions of a total amount of more than $200 to the registered party for its use, either directly or through one of its electoral district associations or a trust fund established for the election of a candidate endorsed by the registered party, and that total amount;
(c.1) in the case of a numbered company that is a contributor referred to in paragraph (c), the name of the chief executive officer or president of that company;
(d) in the absence of information identifying a contributor referred to in paragraph (c) who contributed through an electoral district association, the name and address of every contributor by class referred to in paragraph (a) who made contributions of a total amount of more than $200 to that electoral district association in the fiscal period to which the return relates, as well as, where the contributor is a numbered company, the name of the chief executive officer or president of that company, as if the contributions had been contributions for the use of the registered party;
(e) a statement of contributions received by the registered party from any of its trust funds;
(f) a statement of the registered party’s assets and liabilities and any surplus or deficit in accordance with generally accepted accounting principles, including a statement of
(i) disputed claims under section 421, and
(ii) unpaid claims that are, or may be, the subject of an application referred to in subsection 419(1) or section 420;
(g) a statement of the registered party’s revenues and expenses in accordance with generally accepted accounting principles;
(h) a statement, for each electoral district, of transfers of funds by the registered party to the candidate endorsed by the registered party, one of its electoral district associations or a trust fund established for the election of the candidate endorsed by the registered party;
(i) a return for election expenses incurred for each by-election during the fiscal period that sets out
(i) expenses incurred by the registered party, whether paid or unpaid, and
(ii) non-monetary contributions used by it;
(j) a statement of loans or security received by the registered party, including any conditions on them; and
(k) a statement of contributions received by the registered party but returned in whole or in part to the contributors or otherwise dealt with in accordance with this Act.
Marginal note:Loans
(3) For the purpose of subsection (2), other than paragraph (2)(k), a contribution includes a loan.
Marginal note:Period for providing documents
(4) The chief agent of a registered party shall provide the Chief Electoral Officer with the documents referred to in subsection (1) within six months after the end of the fiscal period.
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