Filing of financial statement
150. (1) Subject to subsections (3) and (4), every registered candidate shall file with the clerk who was the returning officer in the election a financial statement and auditor’s report in the prescribed form which shall contain, (a) all income received and expenses incurred in the campaign period; (b) a list of contributions in the form of goods or services and the value of them received by or on behalf of the registered candidate during the campaign period; (c) 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 was more than $100; and (d) a list of campaign expenses, paid and outstanding, incurred in a campaign period and a statement of disputed claims. 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. Where report sufficient (3) If the contributions received by or on behalf of a registered candidate do not exceed $10,000 and expenses incurred by or on behalf of the registered candidate do not exceed $10,000, the registered candidate may, instead of filing the financial statement required under subsection (1), file a report in the prescribed form containing the information required in subsection (1). Where statutory declaration sufficient (4) If the contributions received by or on behalf of a registered candidate do not exceed $2,000 and expenses incurred by or on behalf of such registered candidate do not exceed $2,000, the registered candidate may, instead of filing the financial statement required under subsection (1), file a statutory declaration, which includes the information described in clause (1)(c), to that effect. Clerk to prepare statement (5) After the time for the filing of a statement, report or declaration under subsection (1), (3) or (4) has expired, the clerk shall immediately prepare a statement in the prescribed form disclosing, (a) the information received under this section; and (b) the name of the registered candidate, if any, who failed to file a statement, report or declaration 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 (6) After the time prescribed for making full disclosure under subsection (1) has expired, the clerk shall immediately send by registered mail or deliver to a registered candidate who has failed to file a statement, report or declaration, a notice in the prescribed form demanding that the registered candidate file a statement, report or declaration within thirty days from the date of the notice. Contents of demand notice (7) The notice under subsection (6) shall state that the registered candidate, if elected, shall forfeit the office and that the registered candidate, whether elected or not elected, shall be ineligible to hold any office up to and including the next regular election if the registered candidate fails to file the statement, report or declaration within thirty days of the date of the notice. Publishing notice of non-compliance (8) The clerk shall post a notice of non-compliance in the prescribed form in two conspicuous places in the municipality and, where there is a newspaper having general circulation in the municipality, by publishing the notice in the newspaper. Clerk to prepare supplementary statement (9) After the thirty day period for the filing of a statement, report or declaration has expired, the clerk shall immediately prepare a supplementary statement in the prescribed form disclosing, (a) any additional information received under this section; and (b) the name of the registered candidate, if any, who failed to file a statement, report or declaration under this section, within the thirty day period allowed by subsection (6), 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.150.