Political parties and candidates have certain responsibilities established by Part 6 of the Elections Act.
They are required to collect, receipt and report on financial activity in accordance with the law. Political parties file annual contribution returns for each year by March 31 of the following year.
Political parties and candidates file election financing returns for each election within 90 days of the return to the writ following a general election or by-election.
Election financing reports on contributions and expenses of political parties and candidates, and annual reports on contributions received by political parties, are available here.
If you make a monetary contribution to a political party or candidate, you will receive an official receipt that is eligible for income tax credits. A contribution of any negotiable instrument (including credit card payments, electronic transfers or money orders) is considered a monetary contribution.
If you make a contribution of goods or services, not including volunteer labour, the contribution is reported on annual and election financing returns, but is not eligible for income tax credits.
There is no contribution limit, but the names of contributors are disclosed when a contribution exceeds $250. Up to the 2015 calendar year, the names of contributors of goods and services were disclosed when contributions exceeded $50: that amount has changed to $250 for the 2016 annual and election financing returns, for consistency with the disclosure of monetary contributions.
Political Contributions: A Guide for Contributors contains additional information for persons and unincorporated groups wishing to make political contributions to a party or a candidate in Yukon.