Home > Municipal > Financing and election expenses (5,000 inh. or more) > Funding sources > Loan and suretyship

Loan and suretyship

See field: provincial, school board


Only the official representative may contract a loan for a party or an authorized independent candidate. This loan may only be contracted with an elector of the municipality or a financial institution, at the current market rate of interest.

Maximum for an elector

Loans and suretyships granted by an elector to one or more political parties or authorized independent candidates cannot exceed a total of $5,000. The lenders may be the candidates themselves. There is no stipulated maximum for a loan made in a recognized financial institution.

Loan from an elector

If a loan from an elector is granted at an interest rate that is less than the current rate, the difference between the two rates must be considered a contribution by the elector and a contribution receipt must be issued to him.

Any loan made by an elector must be made by cheque.


The deed of loan or the suretyship must include a declaration by the elector that the loan is made or the suretyship is contracted on his own property, voluntarily, without compensation or for a consideration, and that it was not and will not be reimbursed in any way other than as provided by law.