Canada Elections Act

Marginal note:Prohibition — making indirect contributions

• 405.3 (1) No individual shall make a contribution to a registered party, a registered association, a candidate or a leadership contestant or a nomination contestant that comes from money, property or the services of any person or entity that was provided to that individual for that purpose.

• Marginal note:Exception — candidates and leadership contestants

  (2) Despite subsection (1), a candidate or a leadership contestant may make a contribution under subsection 405(4.2) that comes from money provided by way of a loan to the candidate or leadership contestant made in writing by a financial institution as defined in section 2 of the Bank Act at a fair market rate of interest, as long as no security is given for the loan except property of the candidate or leadership contestant, as the case may be.