[CliffFletcher]

On the subject of election funding, the NDP’s catastrophic election results could spell the financial ruin of the party.

Yes, the loss was brutal. The NDP won just seven seats in the federal election, not enough to maintain official party status in the House of Commons. They lost funding for the leader’s office, their research bureau, and their spots on parliamentary committees, along with most of their relevance. But the worst of it isn’t in the headlines. It’s buried in spreadsheets, legal clauses, and bank ledgers.

Here’s the real crisis: the NDP appears to be millions of dollars short on paying back its national campaign loan, and there may be no obvious way out.

Fewer than 50 of 343 NDP candidates reached the 10 percent vote threshold needed to qualify for a campaign expense rebate from Elections Canada. That’s not just an embarrassing stat, it’s financial ruin. Those rebates, worth several million dollars collectively, are normally how the NDP repays its election loan. No rebates means no repayment.

Now let’s add up the risk. The NDP supposedly ran a fully-funded national campaign. (I say supposedly because it’s hard to believe they spent that much and got so little in return.) Their legal spending cap was roughly $35.8 million. Several insiders say the party borrowed close to the max, or at least enough to require those rebates to service the debt. With only about 15 percent of ridings qualifying, the NDP’s repayment plan has collapsed.

https://freddelorey.substack.com/p/t...bigger-trouble