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When the New Democrats formally requested an extension to the filing deadline for their latest annual financial report, it wasn’t hard to come up with any number of reasons why the party might be reluctant to give the public – and, perhaps more importantly, their political adversaries – a peek at the state of the Team Orange bankbook.

But as it turns out, the party may have simply been behind on its paperwork after all.

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According to those filings, which were submitted to Elections Canada last week, the New Democrats ended the year with net assets totalling $1,085,085.

That’s a substantial drop from the $7.4 million that were lining the party’s coffers at the start of 2015, but as it turns out, it’s not that far below what the other two parties reported in their respective annual reports, which were duly reported to the federal election agency earlier this summer.

There is, of course, no mystery as to where all that money went: it was, after all, the longest, most expensive federal election in Canadian history, which is how the New Democrats racked up expenses totalling $51.8 million over the course of the year, the bulk of which were campaign-related costs, including $13 million on advertising, $7.7 million on travel and $10 million on “salaries and benefits.”