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Conservatives spent $21 million on election campaign

How much does it take to win a majority government? $21 million.

The Conservative party released the figure at its convention in Ottawa Saturday. Chief fundraiser Irving Gerstein said all the bills related to elections costs have been paid and the party has cash in the bank.

The Conservatives will soon axe the $2 per-vote subsidy to political parties and claim to be headed toward breaking fundraising records for the first two quarters of this year.

Gerstein and three other Conservative officials were charged with violating the Elections Act for the alleged “in-and-out” financing of the party’s 2006 campaign.

Elections Canada claims the financing scheme allowed the party to go over its $18.3 million limit by more than $1 million.