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OTTAWA — Canada’s newest national political party is laughing all the way to the bank.

On Friday morning the People’s Party of Canada became officially registered with Elections Canada, allowing it to start issuing tax receipts for donations.

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In the hours since the party has raked in more than $300,000.

Party spokesman Martin Masse says that brings the party’s fundraising to nearly $1 million since Maxime Bernier announced he was leaving the Conservatives to start his own party at the end of August.

Masse says that puts to rest the accusations that the People’s Party is a vehicle for one person with very little actual support.