Mr. Speaker, what was vital and remains vital is that we prevent them from doing indirectly what they cannot do directly. That was vital.
Bill C-29 contained amendments proposed by the Bloc Québécois under former Bill C-54. One of the amendments was that the Bloc Québécois was strongly opposed to the political party being held responsible for the liabilities of its candidates, even though the political party was not a party to the contract between a candidate and the bank. Thus, at report stage, the Bloc Québécois—if I am not mistaken—introduced an amendment which, as the member said, was rejected by the Conservatives and the NDP. The attitude of those political parties with respect to this amendment is rather suspect because there had been a debate and it was a question of transparency. We must ensure—and I am going to the trouble of repeating it—that we cannot alter or get around the limits established by obtaining loans from individuals.
Thus, from this point forward, the law could guarantee that only financial institutions can enter into contracts with candidates. The intended purpose is to have a very transparent process. In Quebec, we are proud of the political party financing act, which resulted in greater transparency in our democracy.