October 7, 2016 •
Ontario Bill Banning Corporate Contributions Moves Forward
On October 4, Ontario’s campaign finance bill banning corporate contributions was referred to a standing committee. Bill 2, Election Finances Statute Law Amendment Act, 2016, was introduced in the Legislative Assembly of Ontario in September to amend the current campaign finance laws.
The bill prohibits corporations, unions, and unincorporated groups not affiliated with political parties from making political contributions to parties, candidates, constituency associations, and nomination and leadership contestants.
Individuals, who may now make political contributions in the amount of up to $33,250, would be limited to maximum contributions of $3,600. Specifically, an individual could give $1,200 to a party each year, $1,200 to the candidates of a party in an election period, and $1,200 to the constituency associations and nomination contestants of a party each year. Additionally, individuals would be limited to giving a maximum of $1,200 to each leadership contestant of a party per calendar year. Among the other changes in the bill are disclosure requirements for political parties concerning fundraisers.
If passed, the law would come into force on January 1, 2017.
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