Federal Liberals to announce new leader on March 9

Liberal Party national council has set a $350,000 entry fee

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Caption: Prime Minister Justin Trudeau said earlier this week he would step down as Liberal leader once the party has chosen a successor. Sources have told Radio-Canada that the Liberals will choose their next leader by March 9. (Sean Kilpatrick/The Canadian Press)

Liberals will choose their next leader — and Canada's next prime minister — on March 9, the party said in a media release on Thursday night.
After a frenzy of formal and informal meetings this week following Justin Trudeau's decision to step down as prime minister, the Liberal Party's national council decided on the date Thursday night.
The party is also setting the entry fee for potential candidates at $350,000 — a significant jump from the $75,000 fee set by the party for the previous leadership race.
Candidates will have to declare their intention to run and pay the entry fee by Jan. 23. People can register with the party to vote in the leadership race up until Jan. 27.

Changes to who can vote

The party is limiting who can vote to Canadian citizens and permanent residents.
As the Liberals did during their last leadership race in 2013, they're allowing people 14 years of age or older to vote. Unlike general elections where the voting age is 18, parties can set their own age restrictions. The Conservatives allowed people 16 years or older to vote during their last leadership contest in 2022.
Previously, non-Canadian residents were allowed to vote in Liberal Party riding nomination and leadership contests, which have been called a "gateway" for foreign interference. A growing contingent of Liberal MPs have urged the party executive to heed those warnings.
A number of cabinet insiders — including Foreign Affairs Minister Mélanie Joly, Innovation Minister François-Philippe Champagne, Natural Resources Minister Jonathan Wilkinson and Employment Minister Steven MacKinnon — have said they are considering running for the top job, but said they want to see the rules first.
WATCH | How will the Liberal leadership race work? Here's what we know so far:

Media Video | How will the Liberal leadership race work? Here's what we know

Caption: The Liberal Party says the next leader will be chosen on March 9. CBC's Janyce McGregor explains what we know about the process, the fees and the changes around who can vote in the tight race.

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The party executive did not say if cabinet ministers would have to vacate their portfolios if they want to run for the top job.
Former central banker Mark Carney has also said he's interested. Former finance minister Chrystia Freeland, former B.C. premier Christy Clark and House Leader Karina Gould are said to be gathering supporters, too.
Prior to Thursday's meeting, Ottawa MP Chandra Arya and former Montreal MP Frank Baylis both said they will be running.
Whoever is chosen to take over for Trudeau, they will have a tight timeline before the House of Commons returns.
Gov. Gen. Mary Simon has prorogued Parliament until March 24, giving the new prime minister only a few weeks to make the transition.