Filing of financial statements with Commission
194. (1) The chief financial officer of every registered candidate shall file with the Commission, (a) a financial statement setting out, (i) all income received and expenses incurred in the campaign period, (ii) all campaign expenses, paid and outstanding, incurred in a campaign period and a statement of all disputed claims, (iii) all contributions in the form of goods or services and the values of them received by or on behalf of the registered candidate during the campaign period, and (iv) the name, address and contribution of each individual, corporation or trade union that made one or more contributions, whether in the form of money, goods or services, if the total value of all contributions received from that contributor is more than $100; and (b) the auditor’s report on the financial statement. Idem (2) The financial statement and auditor’s report under subsection (1) shall be filed, (a) in the case of a regular election, no later than the 30th day of June in the year following the election year; or (b) in the case of a new election, no later than 225 days after polling day. Filing of financial statements with clerk of municipality (3) The chief financial officer shall, at the time of filing with the Commission, file a copy of the financial statement and the auditor’s report referred to under subsection (1) with the clerk of the municipality who was responsible for the conduct of the election for which the registered candidate was registered. Commission to prepare statement (4) After the time for the filing of a financial statement and auditor’s report has expired, the Commission shall immediately prepare a statement disclosing, (a) the information received under this section; and (b) the name of the registered candidate, if any, who failed to file a statement or report under this section, and submit the statement to the council of the municipality, school board or local board, as the case may be. Demand to candidate to file (5) After the time for the filing of the financial statement and auditor’s report has expired, the Commission shall immediately send by registered mail or deliver to a registered candidate who has failed to file a statement and report, a notice in the form prescribed by the Commission demanding that the registered candidate file a financial statement and auditor’s report within thirty days from the date of the notice. Contents of demand notice (6) The notice under subsection (5) shall state that the registered candidate, if elected, shall forfeit the office and that the registered candidate, whether elected or not, is ineligible to hold any office up to and including the next regular election if the registered candidate fails to file the financial statement and auditor’s report within thirty days of the date of the notice. Publication of notice (7) The Commission shall publish the notice under subsection (5) in a newspaper having general circulation in the municipality. Commission to prepare supplementary statement (8) After the thirty day period for the filing of a statement and report has expired, the Commission shall immediately prepare a supplementary statement disclosing, (a) any additional information received under this section; and (b) the name of the registered candidate, if any, who failed to file a financial statement and auditor’s report within the thirty day period allowed under subsection (5), and submit the statement to the council of the municipality, school board or local board, as the case may be. R.S.O. 1990, c.M.53, s.194. Surplus