Canada Elections Act

Marginal note:Deemed contributions

• 423.1 (1) An unpaid claim mentioned in the financial transactions return referred to in subsection 424(1) or in an election expenses return referred to in subsection 429(1) that remains unpaid in whole or in part on the day that is 18 months after the end of the fiscal period to which the return relates or in which the polling day fell, as the case may be, is deemed to be a contribution to the registered party of the unpaid amount on the day on which the expense was incurred.

• 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 party 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 party

  (3) The chief agent of a registered party 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.