Bank account

(1) A third party that is required to register under subsection 349.6(1) — or under subsection 353(1), if it was not required to register under subsection 349.6(1) — shall open a separate bank account for the sole purpose of its partisan activities that are carried out or to be carried out during a pre-election period or an election period, partisan advertising, election advertising and election surveys.

Financial institution

(2) The account shall be in a Canadian financial institution as defined in section 2 of the Bank Act, or in an authorized foreign bank as defined in that section that is not subject to the restrictions and requirements referred to in subsection 524(2) of that Act.

Payments and receipts

(3) All of the third party’s financial transactions in relation to its partisan activities referred to in subsection (1), partisan advertising, election advertising and election surveys that involve the payment or receipt of money are to be paid from or deposited to the account.

Closure of bank account

(4) After polling day, the third party shall close the account once all unpaid claims and any outstanding balance have been dealt with.

Final statement of bank account

(5) The third party shall, on closing the account, provide the Chief Electoral Officer with the final statement of the account.

2018, c. 31, s. 233.