Marginal note:Deemed contributions
450 (1) An unpaid claim mentioned in a return referred to in subsection 451(1) that, on the day that is 18 months after polling day for the election to which the return relates, remains unpaid, in whole or in part, is, on that day, deemed to be a contribution of the unpaid amount to the candidate.
Marginal note:When no deemed contribution
(2) Subsection (1) does not apply to an unpaid claim that, on the day referred to in that subsection,
(a) is the subject of a binding agreement to pay;
(b) is the subject of a legal proceeding to secure its payment;
(c) is the subject of a dispute as to the amount the candidate was liable to pay or the amount that remains unpaid; or
(d) has been written off by the creditor as an uncollectable debt in accordance with the creditor’s normal accounting practices.
Marginal note:Notice by candidate
(3) A candidate or an official agent who believes that any of paragraphs (2)(a) to (d) applies to a liability to pay an amount shall so notify the Chief Electoral Officer before the day referred to in subsection (1).
Marginal note:Publication of deemed contributions
(4) As soon as practicable after the day referred to in subsection (1), the Chief Electoral Officer shall, in any manner that he or she considers appropriate, publish the list of claims that are deemed under subsection (1) to be contributions.
- Date modified: