Set out below is a letter-to-the-editor by Democracy Watch Founder Duff Conacher which was published in the November 4, 2011 edition of the Globe and Mail
The federal Conservatives' Bill
C-21 to ban loans from
corporations, unions and other organizations to federal
political parties and
candidates, and restrict the loans and donations total
from individuals to $1,100
annually, will leave open huge loopholes.
Banks and other federal financial institutions will
allowed to loan an unlimited amount to parties and
candidates, which has always
created conflicts of interest for the federal
politicians that regulate
financial institutions. All loans should be
limited to $1,100 annually.
secret, unlimited donations and loans of money, property
and services will still be allowed to nomination and
party leadership campaign
candidates who are not MPs (as long as they don't use
the donation or loan for
This loophole was closed for election candidates in
to make it illegal to buy them off.
If this dangerously unethical and undemocratic
loophole is left open for nomination and
party leadership race candidates, it will
continue to be legal to buy off these people in secret
while they are campaigning
to become an election candidate or party leader.
Canadians deserve better, especially from the Conservatives who promised to clean up the federal government.
and by the way, the same loopholes exist in the
political finance laws of every province and
territory and municipality in Canada.