Two donors to Conservative MP Dean Del Mastro’s 2008 election campaign have produced copies of cheques they say were reimbursements paid by a small electrical company owned by his cousin. The cheques show the donors each received $1,050 from Deltro Electric Ltd. of Mississauga, Ont., two days before they made $1,000 donations to Del Mastro’s electoral district association in Peterborough.
Cheque in the amount of $1,050 drawn on an account belonging to Deltro Electric, owned by MP Dean Del Mastro’s cousin, is alleged by the cheque’s recipient, a Deltro employee, to be reimbursement for a $1,000 donation to Del Mastro’s re-campaign. Images of this cheque and others were captured by the donors’ banks when they were deposited in ATM machines. At the Citizen’s request, the donors asked their bank to produce copies of these images.
By GLEN MCGREGOR AND STEPHEN MAHER, The Ottawa Citizen
Do you think Revenue Canada is going to be doing an AUDIT to determine how the $50 showed up as an expense, and what for?
1 comment:
Grumps, the reason cheques deposited in an ATM are imaged isn't for Revenue Canada, after all, cheques negotiated at the teller aren't photographed, but the bank or the person who wrote the cheque have the actual cheque in hand once it clears, and the statement on the account lists the cheque as well.
The scanned image serves as a receipt to the depositor of a cheque via ATM.
I learned when I was seventeen the importance of keeping receipts for deposits. As a first semester freshman on scholarship I deposited half (I was issued half in September, and half in January) of my years funds only to have the Bank of America lose any record of it and soon all the local merchants and my landlord were hounding me for bounced cheques. Fortunately I had kept my deposit receipt and the Bank had to admit I had made the one large deposit and honor my bounced cheques, with no penalties to me.
Personally, I refuse to deposit money in cash or cheque via ATM as I only trust a living teller to take my money and give me a receipt. I will take money from an ATM anytime, and really I wouldn't be fussy if the bank lost the record of my withdrawal - but that hasn't ever happened.
Unless things have changed, deposits via ATM aren't credited to your account as fast as one done in person with another human receiving it. Cash in the hand is worth infinitely more than cash deposited late Friday via ATM and not credited to your account until the next week when an actual human services the machine and enters the transactions.
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