Contributions are gifts made to a party or candidate for campaign purposes in the form of money, a good, a service or a discount off the usual price of a good or service. It does not include volunteer labour when, for example, a person works on a party’s or candidate’s campaign without receiving compensation.
There are two types of contributions – monetary contributions and contributions in kind (goods and services). Official receipts are issued for both types of contributions, but only monetary contributions are eligible for a political tax credit from Canada Revenue Agency.
Contributions can be made by:
- • Persons, meaning
- an individual
- a corporation which is incorporated in any jurisdiction
- a partnership or other unincorporated association, organization or body that is registered under the Partnership and Business Names Act
- • Unincorporated groups, meaning
- a trade union
- a political party
- any other entity that is not a person
There is no limit on contribution amounts. A contributor can make a contribution of any amount, as long as it is properly receipted and reported by the party or candidate.
There is no limit on the total amount of contributions a party or a candidate can accept, as long as the contributions are properly disclosed.
Beginning January 1, 2016 the maximum annual credit is $650, which results from a contribution of $1,275 or more. The credit amount is calculated as the sum of:
- • 75% of the first $400 of contributions
- • 50% of the next $350 of contributions
- • 33.33% of the next $525 of contributions.
Political parties report the contributions they receive annually and both political parties and candidates report their contributions following an election. However, only political contributions over $250 in total are disclosed publicly. A contribution over $250 is made when the total of monetary and in kind contributions exceed $250, even though both the monetary and in kind contributions, individually, may be less than $250.
Contributions made to a party are aggregated (totalled) for a calendar year. If the total of all annual contributions plus all campaign contributions to a particular party exceeds $250 in the calendar year, the contributor’s information will be publicly disclosed. Aggregation for reporting purposes does not occur between the party and its candidate(s), between two or more parties, or between the candidate(s) for a particular party. Candidates’ campaigns and the party’s campaign are reported as separate events.
For contributions over $250, the Chief Electoral Officer is required to disclose publicly:
- • the total amount of the contribution
- • the type of contribution (monetary or in kind)
- • the contributor’s name and address, and
- • where the contribution is or includes a contribution in kind, a description of the contribution
Public disclosure occurs in a report submitted by the Chief Electoral Officer to the Speaker for tabling in the Legislative Assembly. Once tabled, the report is posted to Elections Yukon’s website. These reports include the community in which the contributor lives; not the complete address required on the official receipt.
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.