VANCOUVER — The government of British Columbia introduced legislation on Monday to ban corporate and union donations as part of a broad effort to tighten the reins on political contributions in provincial elections, remove outside influence and erase the province’s reputation as the “wild west” of Canadian political financing.

The legislation also limits individual donations to 1,200 Canadian dollars per year, about $980, the second-lowest limit in Canada behind Quebec, and bars donations from foreigners and nonresidents of the province, while capping donations to third-party election advertisers.

It also requires public reporting of all fund-raisers attended by major party leaders, cabinet ministers and other officials, including for events in private homes.

“Today we’re getting big money out of politics and ending the wild west of campaign financing,” Premier John Horgan said at a news conference. “It’s time our elections were decided by voters, not by those with the most money,” he added.