All candidates must file a financial statement. For details, please review the Municipal Elections Act or the Candidates' Guide from the Ministry of Municipal Affairs and Housing. It is good practice for candidates to review the Financial Statement – Auditor's Report Candidate – Form 4 prior to incurring any contributions or expenses, and arrange their accounts, spreadsheets, and ledgers according to the various categories that are required to be reported on the form.
Candidates' financial statements must be filed on or before March 31, 2023 at 2:00 p.m. The financial statement covers the period from the day the candidate filed their nomination until January 3, 2023.
A candidate must notify the Clerk, in writing, of any Court extension by 2:00 p.m. on March 31, 2023. Penalties will commence at 2:01 p.m. on March 31, 2023.
Candidates have a 30-day grace period if they miss the deadline to file their Financial Statement - Auditor's Report Candidate - Form 4. The candidate may file until May 1, 2023 at 2:00 p.m. if their filing is accompanied by a $500.00 late filing fee to the municipality.
Penalties
If a candidate fails to file a required Financial Statement – Auditor's Report Candidate – Form 4 or auditor's report (or any other document required under Section 78 or 79.1 of the Municipal Elections Act), fails to pay over a surplus to the Clerk or exceeds the spending limit for the office, the candidate forfeits any office to which they were elected and the office is deemed to be vacant. The penalties will take effect on the deadline for the filing of the documents. If the candidate applies to the Ontario Court of Justice for an extension of the time to file the financial statement and fails to file the documents on the date established by the Court, the penalties will take effect at the end of the period of extension.
Public record
The entire Financial Statement – Auditor's Report Candidate – Form 4 is considered a public document. These documents may be inspected by any person upon request at the Clerk's Office during normal office hours. Any person may make extracts from the documents and is entitled to copies of the documents upon payment for their preparation. Clerks are required to make the documents available electronically, at no cost to the requester.
All financial reports will be posted on the Municipal website. This includes a listing of the names and address of all contributors. You may wish to consider advising contributors that their personal information will be public and displayed on the Municipal website after the election. The information remains on the website until after the next municipal election.