68. Are elected officials required to submit reports regarding their finances?

Canada

Canada

Answer
Yes
Source

Section 22 (1) A reporting public office holder shall, within 60 days after the day on which he or she is appointed as a public office holder, provide a confidential report to the Commissioner.

(2) The report required under subsection (1) must contain the following:

  • (a) a description of all of the reporting public office holder’s assets and an estimate of their value;

  • (b) a description of all of the reporting public office holder’s direct and contingent liabilities, including the amount of each liability;

  • (c) a description of all income received by the reporting public office holder during the 12 months before the day of appointment and all income the reporting public office holder is entitled to receive in the 12 months after the day of appointment;

  • (d) a description of all activities referred to in section 15 in which the reportingpublic office holder was engaged in the two-year period before the day of appointment;

  • (e) a description of the reporting public office holder’s involvement in philanthropic, charitable or non-commercial activities in the two-year period before the day of appointment;

  • (f) a description of all of the reporting public office holder’s activities as trustee, executor or liquidator of a succession or holder of a power of attorney in the two-year period before the day of appointment; and

  • (g) any other information that the Commissioner considers necessary to ensure that the reporting public office holder is in compliance with this Act.

(3) A minister of the Crown, minister of state or parliamentary secretary shall make reasonable efforts to include in the report the information referred to in subsection (2) for each member of his or her family.

(4) A reporting public office holder shall include in the report a description of all benefits that he or she, any member of his or her family or any partnership or private corporation in which he or she or a member of his or her family has an interest is entitled to receive during the 12 months after the day of appointment, as a result of a contract with a public sector entity and the report must include a description of the subject-matter and nature of the contract.

(5) If there is a material change in any matter in respect of which a reporting public office holder is required to provide a confidential report under this section, the reporting public office holder shall, within 30 days after the change, file a report with the Commissioner describing the material change.

Conflict of Interest Act, 2006 last amended on  October 6, 2017

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