Canada Elections Act
Marginal note:Surplus of electoral funds
477.8 (1) The surplus amount of electoral funds that a candidate receives for an election is the amount by which the candidate’s electoral revenues referred to in subsection (3) are more than the total of the candidate’s electoral campaign expenses paid by their official agent and the transfers referred to in subsection (4).
Marginal note:Transfer or sale of capital assets
(2) Before the surplus amount of electoral funds is disposed of in accordance with sections 477.81 and 477.82, a candidate shall either transfer any capital assets whose acquisition constitutes an electoral campaign expense within the meaning of section 375 to the registered party that has endorsed the candidate — or to the registered association of that party — or sell them at their fair market value.
Marginal note:Electoral revenues
(3) The electoral revenues of a candidate include any amount that represents
(a) a monetary contribution made to the candidate;
(b) an election expense or personal expense for which the candidate was reimbursed under this Act;
(c) the candidate’s nomination deposit for which they were reimbursed;
(d) the resale value of the capital assets referred to in subsection (2); and
(e) any other amount that was received by the candidate for their electoral campaign and that is not repayable.
(4) A transfer made by a candidate is a transfer of
(a) any funds that the candidate transfers, during the election period, to a registered party or a registered association;
(b) any amount of a reimbursement referred to in paragraphs (3)(b) and (c) that the candidate transfers to that registered party; and
(c) any funds transferred by the candidate under paragraph 364(3)(d).
- 2014, c. 12, s. 86
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