Canada Elections Act

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); and

  • (c) a declaration in the prescribed form by the chief agent concerning those financial transactions.

  • (d) [Repealed, 2003, c. 19, s. 34]

• Marginal note:Contents of return

  (2) A financial transactions return must set out

  • (a) the total contributions received by the registered party and the number of contributors;

  • (b) the name and address of each contributor who made contributions of a total amount of more than $200 to the registered party, that total amount, as well as the amount of each such contribution and the date on which it was received by the party;

  • (c) the name and address of each contributor who has made a contribution to the party that includes a directed contribution as defined in subsection 404.3(2), the amount of the contribution, the amount of the directed contribution and the date of the receipt of the contribution;

  • (c.1) [Repealed, 2003, c. 19, s. 34]

  • (d) [Repealed, 2003, c. 19, s. 34]

  • (e) [Repealed, 2003, c. 19, s. 34]

  • (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 the commercial value of goods or services provided and of funds transferred by the registered party to a candidate or the electoral district association;

  • (h.1) a statement of each amount transferred to a leadership contestant out of a directed contribution as defined in subsection 404.3(2), the information referred to in paragraph (c) with respect to the contributor and the name of the leadership contestant to whom the amount has been transferred;

  • (h.2) a statement of the commercial value of goods or services provided and of funds transferred to the registered party from any of its registered associations, a candidate, a leadership contestant or a nomination contestant;

  • (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.