(this page has info for candidates and their auditor)
The candidate’s auditor will receive a subsidy from Elections Canada, paid directly to the auditor. Once Elections Canada receives the Candidate’s Electoral Campaign Return, the Auditor’s Report, the Checklist for Audits and the auditor’s invoice, and once it completes reviewing the candidate’s return, it authorizes the auditor’s subsidy payment.
How the subsidy is calculated
The auditor’s subsidy is calculated as follows:
- the amount indicated on the auditor’s invoice, to a maximum of $1,500, or 3 percent of the candidate’s election expenses – whichever is less
- a minimum of $250
Note: If the auditor’s subsidy is less than the total fee charged by the auditor, the difference is an electoral campaign expense, and the candidate’s campaign is responsible for paying the remaining amount.
The official agent submits the auditor’s invoice for $500 with the Candidate’s Electoral Campaign Return and other required documents. The total amount of the candidate’s election expenses is $7,200. The auditor is entitled to receive 3 percent of that amount as a subsidy payment. However, 3 percent of $7,200 ($216) is less than the minimum amount payable. Accordingly, Elections Canada will authorize payment of the minimum amount of $250.
The official agent has to pay the remaining $250 to the auditor from campaign funds or arrange to have the registered association or party pay the fee on behalf of the campaign.
RHINO info : most of us do a 0$ campaign, or very small amount (Our Dealer did a 160$ campaign last election). This means you’ll get paid 250$ for auditing our financial report.
Appoint an auditor
The auditor examines the candidate’s return and prepares a report that states the auditor’s opinion as to whether the financial return presents the information contained in the financial records on which it is based.
The candidate may have only one auditor at a time.
Who can become an auditor?
- a person who is a member in good standing of a corporation, an association or an institute of provincially incorporated professional accountants
- a partnership of which every partner is a member in good standing of a corporation, an association or an institute of provincially incorporated professional accountants
- provincially incorporated professional accounting designations include: Certified Professional Accountant (CPA), Chartered Accountant (CA), Certified General Accountant (CGA), Certified Management Accountant (CMA)
Who is not eligible to be an auditor?
- a candidate, the official agent of the candidate or any other candidate
- an election officer or a member of the staff of the returning officer
- the chief agent of a registered party or an eligible party
- a registered agent of a registered party
- electoral district agents of registered associations
- leadership contestants, their financial agents and leadership campaign agents
- nomination contestants and their financial agents
- financial agents of registered third parties
The candidate has to appoint an auditor before accepting a contribution, loan or transfer, or incurring an electoral campaign expense, or before the candidate’s nomination paper is filed – whichever comes first.
The auditor has to sign a statement consenting to act in that capacity. The statement has to be submitted to the local returning officer with the candidate’s nomination paper.
If for any reason the auditor is no longer able to continue in that role, the candidate must appoint a new auditor without delay and notify Elections Canada about the new appointment. The notice has to include a signed consent from the new auditor.
The auditor’s responsibilities and obligations
The auditor has a right to access all documents of the candidate, and may require the candidate or the candidate’s official agent to provide any information or explanation that is necessary to enable the auditor to prepare the report.
In accordance with generally accepted auditing standards, the auditor has to examine the candidate’s financial records and give an opinion in a report as to whether the candidate’s return presents the information contained in the financial records on which it is based.
The auditor’s report has to include a completed checklist for audits in the prescribed form.