Mr. Speaker, I am pleased to rise to speak in favour of Bill C-24. The proposed legislation would improve the transparency and fairness of Canada's electoral system and address the perception that corporations, unions and the wealthy exercise a disproportionate influence in our political system.
Canada's electoral system already is the envy of many countries. As Canadians we have participated in election observation missions right around the world. As a former Minister of International Cooperation, which I was a number of years ago, it was always such a pleasure to see a number of our fellow citizens under Elections Canada, sometimes under UN mandate, participate in election observation in many countries of the world. We have done so through the Commonwealth and through la Francophonie and each time have earned the respect of other countries.
The amendments we have before us today continue the modernization of our electoral system that began with the enactment of the new Canada Elections Act in 1970 and the 1974 Election Expenses Act.
I had the pleasure of sponsoring Bill C-2 during the last Parliament. This is a bill intended to consolidate all Canadian electoral legislation and it has done so for a good number of measures. This being a democracy, however, there is no limit to how far we can go in improving certain legislation.
Today we have before us a new bill which builds on what we have done in the past, improving our electoral legislation still further.
The bill follows the Prime Minister's commitment of last June, in his excellent eight point action plan, to bring forward new legislation for political financing. This commitment was reiterated in the Speech from the Throne.
I hear our colleagues across the way expressing enthusiasm at the initiative. Perhaps later they can express that enthusiasm in their debate.
It also reflects the consultations that I have had with political participants and it builds upon existing political financial measures that exist both in Canada and elsewhere in the world.
Hon. members already are familiar with the key elements of the proposed legislation. The Prime Minister presented it to us in the excellent speech that he gave to the House last week. As such, I would like to take the opportunity to focus on the public financing provisions of the bill, which have received considerable praise from the general public but which have also drawn criticism, undeserved criticism of course but criticism nonetheless, from the hon. leader of the opposition.
On the key public financing measures, the virtual elimination of political contributions from corporations and unions and the new limits on individual contributions would have a significant financial impact on political parties and, arguably, to some extent, on candidates as well. For that reason the bill would build on existing financial measures already provided for to political parties to maintain the viability of our electoral system.
The measures contained in Bill C-24 are the following: the rate of reimbursement of electoral expenses for parties is increased from 22.5% to 50%; the definition of expenses eligible for reimbursement is broadened to include a portion of polls during election campaigns, and the ceiling for reimbursement to political parties is raised correspondingly; the percentage of votes candidates must obtain in their ridings in order to qualify for reimbursement of electoral expenses is lowered to 10% from the current 15%.
On this point it is to be noted that almost all candidates in the last election who would have received this funding, virtually all of them, 115 out of the 120 or so, are for parties represented on the opposition side of the House. Therefore, that particular measure favours almost exclusively opposition political parties. Almost no defeated Liberal candidate would have qualified for the particular measure I just described.
There would also be an allowance for registered parties of $1.50 for each vote they received in the previous election, to be paid on a quarterly basis.
Also, we are proposing amendments to the Income Tax Act to double the amount of an individual political contribution that is eligible for the 75% tax credit from $200 to $400, with of course the adjustments for each other bracket of credit accordingly. This would make it easier for candidates to receive smaller donations at the same time as the larger ones would no longer be possible.
As the Prime Minister noted in his opening remarks, public funding of the federal electoral process has been a longstanding tradition in Canada. Just in case members across the way are pretending that we as Canadians invented something here, we have not. Everyone knows of the U.S. primary system for the president and how a particular presidential candidate is awaiting, having won a certain number of votes, in order to qualify for the famous matching funds coming from the public treasury in the United States. So in fact--