Deposit (politics) - Canada

Canada

In Canada, a candidate for Member of Parliament must place a $1,000 deposit. Formerly, failure to reach a set percentage of the vote, either 10% or 15% depending on the era, led to the loss of the deposit.

At present, all candidates receive their deposit back if they turn in their properly completed financial paperwork on time, and a portion of election expenses are reimbursed if 10% is reached. Nevertheless, the phrases "lose one's deposit" and "get one's deposit back" are still commonly heard in political circles.

Read more about this topic:  Deposit (politics)

Famous quotes containing the word canada:

    What makes the United States government, on the whole, more tolerable—I mean for us lucky white men—is the fact that there is so much less of government with us.... But in Canada you are reminded of the government every day. It parades itself before you. It is not content to be the servant, but will be the master; and every day it goes out to the Plains of Abraham or to the Champs de Mars and exhibits itself and toots.
    Henry David Thoreau (1817–1862)

    I fear that I have not got much to say about Canada, not having seen much; what I got by going to Canada was a cold.
    Henry David Thoreau (1817–1862)

    I see Canada as a country torn between a very northern, rather extraordinary, mystical spirit which it fears and its desire to present itself to the world as a Scotch banker.
    Robertson Davies (b. 1913)