Canada Elections Act

Marginal note:Surplus of leadership campaign funds

• 478.94 (1) The surplus amount of leadership campaign funds that a leadership contestant receives for a leadership contest is the amount by which the sum of the following is more than the sum of the contestant’s leadership campaign expenses paid from the bank account referred to in subsection 478.72(1) and any transfers referred to in paragraph 364(5)(b):

  • (a) contributions accepted by the leadership campaign agents on behalf of the contestant;

  • (b) money received from the sale referred to in subsection (2);

  • (c) amounts referred to in subsection 365(3); and

  • (d) any other amounts received by the contestant for their leadership campaign that are required to be deposited into the bank account referred to in subsection 478.72(1) and are not repayable.

• Marginal note:Sale of capital assets

  (2) Before the surplus amount of leadership campaign funds is disposed of in accordance with sections 478.95 and 478.96, a leadership contestant’s financial agent shall sell, at their fair market value, any capital assets whose acquisition constitutes a leadership campaign expense.