Saturday, April 26, 2008

A layman's description of the cost of the IN and OUT Scheme.


Below is the best description of the In and Out controversy. In this case the taxpayer is on the hook for $29,400. In the case of our local M.P. the taxpayer only gets hit for 60% of 10,029.98 or $6,017.99 (Yes Virginia you even get to pay your percentage of the $40 wire transfer charge paid to the TD Canada Trust.) Looks like our local candidate got his money 1 day later than his Quebec Colleague but both managed to return the money promptly on Monday.

Luckily the watchdog Elections Canada disallowed these expenses and saved the taxpayers $600,000 across Canada. (My Thanks to these bureaucrabs with balls)
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On January 12, 2006, just two weeks before the looming election, the Hull-Aylmer Conservative association received a cheque for $48,558.55 from the Conservative Party of Canada. One day after it cleared the association bank account, the locals sent two cheques back across the river to CPC headquarters, one for $44,573.55, the other in the amount of $3,986. The total: $48,558.55. In other words, that money wasn’t used to expense anything regarding the campaign. No signs, no printing, no newspaper ads. It was merely a transfer – in and out.

But by virtue of that transfer, the Hull-Aylmer association was able to plump up its election expense return by $48,558.55 (according to documents filed with the regulator), and therefore claim a refund worth 60% of that amount, or $29,400.

This thirty grand was financed by you. And me. All taxpayers, since that is how the bulk of electoral finances are now handled.

IN Hull-Aylmer
Candidates' Details - Statement of Transfers Received (Part 2h)
4Jan. 12, 2006Conservative Party of Canada
48,558.55
OUT Hull-Aylmer
Candidates' Details - Statement of Electoral Campaign Expenses (Part 3a)
16Jan. 16, 2006Conservative Party of Canada,
transfer1644,573.55
Amount Paid
0.000.0036,359.39
Radio/TV
8,214.16
Other Advertising







17Jan. 16, 2006Conservative Party of Canada,
transfer173,985.00
Amount Paid
0.000.00
3,985.00
Other Advertising

IN: Details of Transfers received: Okanagan/Shuswap
2Jan. 13, 2006Conservative Party of Canada9,989.98
OUT: Okanagan/Shuswap
41Jan. 16, 2006TD Canada Trustwire transfe
10,029.980.000.0010,029.98
(listed on Advertising Radio/TV as expense)

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