Monday, November 24, 2025

Latest

NDP Faces Major Funding Shortfall After Election Setback

The New Democratic Party of Canada faces a severe funding shortage after electoral results left hundreds of its candidates ineligible for campaign expense reimbursements, according to Elections Canada data.

Federal regulations require candidates to secure at least 10% of votes to qualify for expense rebates. Only 46 of the party’s 342 candidates met this threshold in the recent election.

The financial implications are substantial. During the previous two electoral cycles, the NDP received $12.1 million (2021) and $5.9 million (2019) in rebates when over 250 candidates qualified.

“It’s going to hurt the party. There’s absolutely zero doubt about it,” said Cam Holmstrom, an NDP strategist. “It’s going to be a big, big kick in the teeth when it comes to the party financially.”

Elections Canada typically reimburses up to 60% of candidate expenses and 50% of party expenditures, with accessibility costs covered at 90%.

The party captured just 6.5% of the national vote, securing seven parliamentary seats — insufficient for official party status. Performance was particularly poor in the Greater Toronto Area, where most candidates recorded single-digit results.

“The actual amounts of the expenses are based on the expenses incurred by parties and candidates eligible for reimbursement, which we won’t know until the election financial returns are submitted,” said Matthew McKenna from Elections Canada in an email.

Candidates have until August 28 to submit financial returns, while parties must file by December 29.

The funding crisis follows previous financial struggles. Before the 2019 election, the party mortgaged its Ottawa headquarters for $12 million amid declining donations, though CBC reported last year the debt had been paid off.



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

IAMGOLD Q3 Earnings: Market Responds With MASSIVE Price Lift

G Mining Q3 Earnings: Costs Down, Production Up

Endeavour Silver Q3 Earnings: On The Upswing

Recommended

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Related News

NDP to Seek Official Party Status Despite Falling Below Threshold

The New Democratic Party will propose retaining official party status in Parliament despite having only...

Thursday, May 1, 2025, 02:53:00 PM

Snap Election Likely, Carney Avoids NDP Talks on Government Extension

Mark Carney’s team has not reached out to the New Democratic Party about extending the...

Thursday, March 13, 2025, 03:46:00 PM

Throne Speech Adopted Despite NDP Opposition as Carney Government Faces First Parliamentary Test

Prime Minister Mark Carney’s minority government survived its first parliamentary test Wednesday when the throne...

Thursday, June 5, 2025, 11:33:00 AM

Don Davies Introduces Bill Mandating 100% Renewable Electricity by 2030

Interim New Democratic Party Leader Don Davies introduced legislation Tuesday requiring Canada to generate 100%...

Saturday, June 21, 2025, 09:10:00 AM

NDP Fights for Relevance After Historic Electoral Collapse

Canada’s New Democratic Party lost official party status Monday after winning just seven seats in...

Wednesday, May 28, 2025, 07:44:40 AM