Bill C-340: An Act to amend the Canada Elections Act and to make a consequential amendment to another Act (political financing)

Canada Elections Act Consequential Amendment to the Income Tax Act First Session, Forty-second Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 HOUSE OF COMMONS OF CANADA BILL C-340 An Act to amend the Canada Elections Act and to make a consequential amendment to another Act (political financing) FIRST READING, March 7, 2017 Mr. Fortin 421358 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. Available on the Parliament of Canada Web Site at the following address: http://www.parl.gc.ca 1st Session, 42nd Parliament, 64-65-66 Elizabeth II, 2015-2016-2017 HOUSE OF COMMONS OF CANADA BILL C-340 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: (a) $500 in total in any calendar year to a particular registered party; (b) $500 in total in any calendar year to the registered associations, nomination contestants and candidates of a particular registered party; (c) $500 in total in any calendar year to a candidate who is not the candidate of a registered party; and (d) $1000 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 (a) $0.‍4375 multiplied by the number of valid votes cast in the election referred to in subsection (1); and (b) the inflation adjustment factor determined under section 384 that is in effect for that 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: (b) when that total exceeds $400, $300 plus 50% of the amount by which that total exceeds $400, Published under authority of the Speaker of the House of Commons