July 04, 2005 13:01 ET

Registered Political Parties Submit 2004 Fiscal Returns

OTTAWA, ONTARIO--(CCNMatthews - July 4, 2005) - The Chief Electoral Officer of Canada, Jean-Pierre Kingsley, announced today that the registered party financial transactions returns for 2004 have been filed with Elections Canada, as required by subsection 424(4) of the Canada Elections Act.

The deadline for filing these returns was midnight, June 30, 2005. In exceptional circumstances, the Chief Electoral Officer of Canada may grant an extension if an application is made before the statutory deadline, in accordance with paragraphs 433(1)(a) and 433(2)(a) of the Act.

As of midnight, June 30, the Christian Heritage Party, Green Party of Canada, Liberal Party of Canada, and Libertarian Party of Canada have applied for and been granted an extension.

The Registered Party Financial Transactions Return contains information on contributions to and expenditures by registered political parties for the period from January 1 to December 31, 2004, with the exception of the Conservative Party of Canada. The returns for 2004 are the first registered party fiscal returns to be submitted following the coming into force of Bill C-24, An Act to amend the Canada Elections Act and the Income Tax Act (political financing).

The Canada Elections Act requires anyone contributing over $200 to be identified by name and address. Each return includes a statement of assets and liabilities, and a statement of revenues and expenses. An auditor's report must also accompany the return for each political party.

The Registered Party Financial Transactions Return for the Conservative Party of Canada contains information on contributions to and expenditures by that party for the period from December 7, 2003, to December 31, 2004, the first fiscal year of the party following its merger on December 7, 2003 (section 373, Canada Elections Act). Future financial returns of the party will be for the calendar fiscal year. Contributions received by the party prior to the coming into force of Bill C-24 on January 1, 2004, were not subject to the new requirements of that Act. The details of those contributions are consequently reported to disclose the information required under the former law as it existed prior to January 1, 2004, according to the requirements of section 69 of Bill C-24.

The returns are available for consultation in person at Elections Canada, located at 257 Slater Street, Ottawa, Ontario, on Monday, July 4, and Tuesday, July 5, 2005, from 12:00 p.m. to 5:00 p.m. Individuals wishing to consult the returns after July 5, 2005, are asked to make an appointment with Media Relations at Elections Canada by calling 1 877 877-9515.

The 2004 fiscal returns will be posted in a searchable database on Elections Canada's Web site at in August 2005.

Elections Canada is an independent body set up by Parliament.

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