It was founded on Canada Day 1994 by federalist Tony Kondaks, former top-aide to Equality Party leader Robert Libman.
With Jacques Parizeau's Parti Québécois rising and the imminence of a referendum on Quebec's independence, the main platform of the CANADA!
Party was to guarantee that any riding that elected one of its candidates would stay in Canada even if Quebec voted in favour of sovereignty in the 1995 referendum.
Kondaks had trouble with the Chief Electoral Officer of Quebec because he used a 1-900 phone line to finance his party's activities with money from other provinces.
Kondaks has since moved to the United States and now lives in Mesa, Arizona, but keeps in touch with Canadian politics by sending regular letters to the editor to Montreal's English-language daily newspaper The Gazette.