Canadian Election Audits | All contributions of goods or services the candidate receives are considered contributions. | Gary Booth Chartered Professional Accountants

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FAQ
Do all municipalities give contribution rebates?
No, it depends on the municipality to determine if it wishes to establish a rebate program.

Can I contribute more than $750 to one candidate?
No, a maximum contribution of $750 can be made to one nominated candidate, except for the office of mayor for the City of Toronto for which the contribution limit is $2,500.

Can I contribute to more than one candidate?
Yes, you may make contributions to more than one candidate. However, your contributions to candidates running for office on the same council or the same school board may not exceed more than $5,000.

What is a permanent residence for voting purposes?
The following rules determine residence for voting purposes:
an elector may only have one permanent residence; the place where an elector’s family resides is his or her permanent residence, unless the elector moves elsewhere with the intention of changing his or her permanent lodging place; if an elector has no other permanent lodging place, the place where he or she occupies a room or part of a room as a regular lodger or to which he or she habitually returns is considered a permanent residence; or whenever absent, the permanent lodging place to which the elector intends to return.

How can contributions of cash be made?
Cash contributions may only be accepted up to $25; contributions more than $25 must be made by cheque, money order or credit card.

How are goods and services to be valued as contributions?
All contributions of goods or services the candidate receives are considered contributions and should be supported by an invoice from the contributor of the goods or services. The contribution must be recorded just as if it were money. If part of the agreed upon fee for the purchase of a good or service is considered by a supplier to be a contribution, the supplier should render an account for the total amount and indicate on the statement of account the amount which he or she considers a contribution.

If a supplier charges the candidate less than the market value for the purchase of a good or service, the difference between the amount charged and the market value is a contribution. If suppliers of goods or services are not paid or have agreed not to accept payment, such non-payment will constitute a contribution of a good or service and must be receipted as such.

Do the value of goods and services contributed count towards the $750 and $5,000 contribution limits?
Yes.

Who can accept campaign contributions?
Only the candidate and those persons authorized by the candidate can accept campaign contributions. Contributions can only be accepted during the campaign period and only from a person or entity entitled to make a contribution.

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Gary Booth Chartered Professional Accountants
#406 - 555 Burnhamthorpe Rd.
Toronto, On
M9C 2Y3
Tel: 416-626-2727 | Fax: 416-621-7136
E-mail: audits@electionaudits.ca

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Canadian Election Audits | A municipality,  by-law,  or a school board, by resolution, may provide for rebate payments to individuals, trade unions or corporations. Municipalities or school boards which establish rebate programs also determine the conditions of entitlement to collect a rebate. We solve your election audit problems. | Gary Booth Chartered Professional Accountants Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants We can help |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Languages Spoken |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Business Opportunity |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Contact Us |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants What do I to keep |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Accounting Services |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants How it works |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants FAQ |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Tax Tips |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Partner Sites |Canada-Election-Audit.ca | Gary Booth Chartered Professional Accountants Canadian Election Audit Facebook.com Twitter.com Youtube.com Delicious.com RSS News Feed Linkedin.com Canadian Election Audits - Film