Tory riding associations’ war chests larger than other parties, analysis shows
OTTAWA — An in-depth analysis by The Canadian Press of federal parties’ financing at the grassroots level shows Conservative candidates’ riding-based war chests are flush with cash, dramatically outpacing their political rivals.
A review of the most recent financial statements filed by riding associations to Elections Canada show that Conservative associations have, on average, just under $61,000 in net assets, almost $25,000 more than the ruling Liberals whose associations on average had $36,250 in net assets at the end of 2020.
The figures were smaller for New Democrats and Greens whose riding associations had assets valued in the four-digit range — $7,123 and $6,240, respectively.
The figures are based on annual returns for the 2020 fiscal year filed by July 22 from parties represented in the House of Commons. In all, there were 150 Green associations, 234 NDP associations, 143 Liberal and 251 Conservatives included in the analysis.