A loophole in Elections Act opens door to big-money Grit leadership bank loans: Liberals

Some Liberals say it creates a two-tier leadership race whereby high net-worth candidates can draw a million-dollar bank loan.

Some federal Liberal Party leadership candidates are fretting over raising millions of dollars for their leadership campaigns, but thanks to an Elections Canada loophole, high net-worth candidates may not have to worry because they can draw a loan of any amount and pay it off after the leadership contest is over.

In the first leadership contest of any party in the post-January 2004 election financing laws, the Liberal Party of...