Bill C-364
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- ENGLISH
- SUMMARY SUMMARY
- Canada Elections Act Canada Elections Act
- Consequential Amendment to the Income Tax Act Consequential Amendment to the Income Tax Act
- Coming into Force Coming into Force
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First Session, Forty-second Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Canada Elections Act and to make a consequential amendment to another Act (political financing)
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FIRST READING, October 3, 2017
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Mr. Boudrias |
SUMMARY
This enactment amends the Canada Elections Act regarding the contribution limits and the computation of the fund paid to registered political parties. It also makes a consequential amendment to the Income Tax Act as to the eligible amount of a monetary contribution made to a registered party, a registered association or a candidate.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 42nd Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-364 |
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An Act to amend the Canada Elections Act and to make a consequential amendment to another Act (political financing) |
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
2000, c. 9
Canada Elections Act
1 Paragraphs 367(1)(a) to (d) of the Canada Elections Act are replaced by the following:
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(a) $ Insertion start 500 Insertion end in total in any calendar year to a particular registered party;
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(b) $ Insertion start 500 Insertion end in total in any calendar year to the registered associations, nomination contestants and candidates of a particular registered party;
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(c) $ Insertion start 500 Insertion end in total Insertion start in any calendar year Insertion end to a candidate who is not the candidate of a registered party; and
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(d) $ Insertion start 1000 Insertion end in total in any calendar year to the leadership contestants in a particular leadership contest.
2 Subsection 445(2) of the Act is replaced by the following:
Computation of fund
(2) An allowance fund for a quarter is the product of
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(a) $ Insertion start 0.4375 Insertion end multiplied by the number of valid votes cast in the election referred to in subsection (1); and
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(b) Insertion start the inflation adjustment factor determined under section 384 that is in effect for that Insertion end quarter.
R.S., c. 1 (5th Supp.)
Consequential Amendment to the Income Tax Act
3 Subsection 127(3) of the Income Tax Act is amended by adding “and” at the end of paragraph (a) and by replacing paragraphs (b) and (c) by the following:
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(b) when that total exceeds $400, $300 plus 50% of the amount by which that total exceeds $400,
Coming into Force
January 1, 2018
4 This Act comes into force on January 1, 2018.
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Published under authority of the Speaker of the House of Commons
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