Canada Elections Act

Marginal note:Return on financial transactions

• 403.35 (1) The financial agent of a registered association shall, for each fiscal period of the association, provide to the Chief Electoral Officer

  • (a) a financial transactions return, substantially in the prescribed form, on the association’s financial transactions;

  • (b) the auditor’s report on the financial transactions return, if one is required under subsection 403.37(1); and

  • (c) a declaration in the prescribed form by the financial agent that the financial transactions return is complete and accurate.

  • (d) [Repealed, 2006, c. 9, s. 41]

• Marginal note:Contents of return

  (2) A financial transactions return must set out

  • (a) a statement of contributions received by the registered association;

  • (b) the number of contributors;

  • (b.1) [Repealed, 2006, c. 9, s. 41]

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

  • (d) [Repealed, 2006, c. 9, s. 41]

  • (e) a statement of the registered association’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 403.33, and

    • (ii) unpaid claims that are, or may be, the subject of an application referred to in subsection 403.31(1) or section 403.32;

  • (f) a statement of the registered association’s revenues and expenses in accordance with generally accepted accounting principles;

  • (g) a statement of the commercial value of goods or services provided and of funds transferred by the registered association to the registered party, to another registered association or to a candidate endorsed by the registered party;

  • (h) a statement of the commercial value of goods or services provided and of funds transferred to the registered association from the registered party, another registered association, a candidate, a leadership contestant or a nomination contestant;

  • (i) a statement of loans or security received by the registered association, including any conditions on them;

  • (i.1) a statement that provides full disclosure of financial loans for the purposes of the campaign, including interest rates, repayment schedules and the name of the lender; and

  • (j) a statement of contributions received by the registered association 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)(j), a contribution includes a loan.

• Marginal note:Period for providing documents

  (4) The financial agent of a registered association shall provide the documents referred to in subsection (1) within five months after the end of the fiscal period.