Amendments to the Canada Elections Act
Bill C-24, An Act to amend the Canada Elections Act and the Income Tax Act (political financing) (S.C. 2003, c. 19), received royal assent on June 19, 2003 and most of its provisions came into effect on January 1, 2004.
The Act makes substantial changes to the political financing provisions of the Canada Elections Act. With minor exceptions, it bans political donations by corporations and trade unions, and limits contributions by individuals; it prohibits circumventing the contribution limits and concealing the sources of contributions, and prohibits indirect contributions, with the exception of limited indirect contributions by individuals through unincorporated associations. It introduces the right to register electoral district associations of registered parties, regulates those registered associations and imposes restrictions on such associations that are not registered, regulates the financing of nomination and leadership contests of registered parties, and establishes new reporting requirements. The Act provides for quarterly allowances to be paid to qualifying registered political parties, and increases the tax credits for political contributions.[ Back ]