From the Elections Canada Web Site;;
Involuntary deregistration
A party will be deregistered if it fails to endorse a confirmed candidate at a general election. If a registered party is deregistered, its registered associations are also deregistered.
The Chief Electoral Officer may also deregister a registered party if it fails to:
* file statements confirming or amending the information in the Registry of Political Parties within 10 days of the writs being issued
* report on or before June 30 each year, confirming or amending the party's information in the Registry of Political Parties
* report any changes to the information about the party in the Registry of Political Parties within 30 days of the change
* file an audited statement of its assets and liabilities within six months of its registration
* file the party's audited financial transactions return for each fiscal period within six months of the end of the fiscal period
* file the party's audited general election expenses return within six months of election day
* file a statement setting out the dates of a leadership contest, varying the dates or cancelling the contest, or
* file a report on a nomination contest within 30 days of the selection date
If the Chief Electoral Officer finds that a party has omitted to provide the information noted above, he will notify the party in writing that it must provide him with the requested information within a specified deadline. If the party fails to rectify the omission before the deadline or does not convince the Chief Electoral Officer that the omission was not the result of any negligence or lack of good faith on its part, the Chief Electoral Officer may deregister the party.
If the Chief Electoral Officer proposes to deregister a registered party for failure to file the above information, he will notify the party and its registered associations. The notice will specify the effective date of the deregistration, which will be at least 15 days after the notice is sent.
The Chief Electoral Officer must deregister a registered party if that party:
* fails to satisfy him that it has at least three officers in addition to the leader of the party, the chief agent and the auditor, or
* fails to satisfy him that it has at least 250 members who are electors
The Chief Electoral Officer will give notice of the deregistration of a registered party to the party and to its chief agent, and of the resulting deregistration of its registered associations, to the associations and their financial agents. For 30 days after the deregistration of a party, the Chief Electoral Officer will retain the name, short-form name, abbreviation and logo of the deregistered party so that another political party cannot apply for registration under that name.
A deregistered party can reapply for registration at any time. If it applies for registration within the 30-day period, it may apply under the same name, short-form name, abbreviation and logo that it had at the time of its deregistration. Regardless of whether the party applies within the 30-day period, it is still responsible for filing the returns, reports and declarations of a deregistered party.
The Chief Electoral Officer will publish a notice of deregistration in the Canada Gazette and change the status of the party in the Registry of Political Parties from "registered" to "deregistered". The deregistered party and its associations lose all the advantages of a registered party and registered associations on the day that they are deregistered.
Within six months of its deregistration, a deregistered party must provide the Chief Electoral Officer with a final financial transactions return for the portion of the party's current fiscal period ending on the day of its deregistration, as well as any outstanding financial documents.
Judicial deregistration
The Commissioner of Canada Elections is the official responsible for ensuring that the Canada Elections Act is complied with and enforced. If the Commissioner has reasonable grounds to believe that a registered party does not have as one of its fundamental purposes participating in public affairs by endorsing one or more of its members as candidates and supporting their election, he or she must notify the party in writing, requiring it to show that one of its fundamental purposes is participation in public affairs, as set out in the Act.
If the party fails to satisfy the Commissioner within a reasonable period of time, the Commissioner may apply to a court of competent jurisdiction for an order directing the Chief Electoral Officer to deregister the party, and for an order to liquidate the assets of the party and the assets of each of the party's registered associations. Before making an order, the court must be satisfied that the party does not have participation in public affairs (as set out in the Act) as one of its fundamental purposes. In making this determination, the court must consider all relevant factors.
While an application by the Commissioner for judicial deregistration is pending, the authority of a registered party to issue tax receipts is suspended.
(Just so there is no misunderstanding about the need to file financials and 250 declarations)