Canada’s political landscape is gearing up for a high-stakes election battle—and the fundraising numbers tell the story. In 2024, the Conservative Party pulled in a record-breaking $41.8 million, overshadowing the Liberals’ $15.2 million and the NDP’s $6.3 million. With parties amassing war chests and opposition leaders vowing to bring down the government, here’s what the money trail reveals about the fight ahead.
Conservatives Dominate: $41.8M Fundraising Surge
The Conservatives didn’t just outraise their rivals—they dwarfed them. Key figures:
- $41.8M raised in 2024 (vs. $15.2M for the Liberals and $6.3M for the NDP)
- 211,000 donors, with an average contribution of $198
- $12.8M was raised in Q4 alone, including $7.6M in December—a party record
The Conservatives said Canadians’ “incredible generosity” shows leader Pierre Poilievre’s message is resonating and that people want an election now. Meanwhile, the Liberals and NDP scramble to close the gap.
Battle of the Donor Bases: A Grassroots War
All three parties relied on small-dollar donations, but the scale of support varied dramatically:
- Liberals: 118,000 donors, averaging $128 each
- NDP: 60,000 donors, averaging $105 each
- Conservatives: More than 2.5x the donors of the Liberals (211,000) with an average contribution of around $198
While the NDP celebrated its “strongest-ever” digital fundraising day on Dec. 31, the Liberals touted a “best-ever” January start—but declined to share figures. With the House of Commons returning on March 24 and a confidence vote looming, the parties are already positioning themselves. The Liberals have 400,000 registered voters for the March leadership race and 100+ candidates lined up. Meanwhile, the NDP is “Ready to run a strong campaign,” according to national director Lucy Watson.
2024 Election Countdown: Money vs. Momentum
Money fuels campaigns, messaging, and ground operations. The Conservatives’ fundraising lead suggests an energized base, while the Liberals and NDP rely on smaller, dedicated donor networks. With rising polarization and an election on the horizon, these numbers aren’t just statistics—they’re a blueprint for the battle ahead. A spring election is looking more likely. The Conservatives’ financial dominance signals voter enthusiasm, while the Liberals claim “grassroots energy” despite lagging behind. The NDP, though outspent, insists its base remains committed.
The next test? The throne speech confidence vote—where opposition parties will decide whether to pull the plug on Trudeau’s minority government.
Tell us your thoughts in the comments below and follow Canam Network for more!