POLITICAL PARTIES URGE THEIR FAITHFUL TO SEND MONEY BEFORE MIDNIGHT

Dec 31, 2013

By Michael Kramer

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Both the Conservatives and the Liberals are boasting that they are on the verge of raking in $2 million in donations this month – as a midnight deadline looms.

The New Democrats have also hopped on the bandwagon – telling supporters that they’ve raised more than $525,000 in December – as they try to reach a target of $750,000 by midnight.

Donors who want to cash in on tax rebates for political donations on their 2013 tax return must make their contribution before the New Year.

But Canadians probably won’t see an election until the fall of 2015 and those 75 per cent tax rebates on political donations aren’t going away.

Elections Canada figures show the Conservatives remain a fundraising giant – bringing in $12.8 million through the first three quarters of 2013 – compared to $6.9 million for the Liberals and $4.5 million by the New Democrats.

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