New Parliament's 1st act will be to elect House of Commons Speaker

Before the debates in question period can begin, before the tabling of bills and the political grandstanding, first thingsfirst: the election of the Speaker of the House of Commons.

MPs will cast their ballots Thursday when the new Parliament sits for its first day, inkeeping with parliamentary procedure. The speech from the throne on Friday can't happen without a Speaker.

The clerk's official list of candidateswon't be ready until 6 p.m. Wednesdaythe deadlineMPs have to remove their names from the racebut so far, at least four candidates have let their names stand.

Liberals vying for the role includeDenis Paradis (Brome-Missisquoi), Yasmin Ratansi (Don Valley East) and Geoff Regan (Halifax West).

The lone Conservative candidate so far is Bruce Stanton (Simcoe North).

What does a Speaker do, exactly?

The Speaker's job is to maintain a sense of decorum and order in the House, to make sure parliamentary rules are followed, and to do it all impartially.

The Speaker doesn't engage in debates and votes only in the case of a tie.

They also preside over the Board of Internal Economy,which oversees the administration of theHouse as well asits financing.

All MPs are eligible to take on the role of Speaker with the exception of party leaders andcabinetministers.

The perks

In addition to the base MP salary of $167,400, the Speaker gets an extra $80,100 (the samebump received by cabinet ministers and the leader of the Official Opposition), as well as a car anddriver.

The Speaker also gets to live in the Speaker's official residence at The Farm, a home setamong the trees of the Gatineau Hills just north of Ottawa. TheSpeaker also has access to their own "apartment" inside Parliament Hill's Centre Block.

(But don't betoo jealousunlike the sprawling rooms of the Speaker's apartment in theU.K., the Canadian version is more akin to a small room at the Chateau Laurier with a couchand a pullout bed. Cool enough, but not that cool.)

The vote

MPs will make their choice for Speaker a little differently this time around: This is thefirst year the vote will be held by preferential secret ballot.

The change was the initiative of Conservative MP Scott Reid, whose motion to move away froman exhaustive ballot system in which successive ballots have to be cast if there's noclear majority was voted on and passed by MPs in June.

The exhaustive ballot system had been in place for 29 years. Before that, the Speaker was nominated by the prime minister.

These days the vote is presided over by the dean of the House, the longest-serving MP who isn't a member of cabinet in this case Louis Plamondon of the Bloc Qubcois, who has held the title since 2008.

The candidates (so far)

DenisParadisserved as a Liberal MPfrom 1995-2006 and was re-elected in October after two defeats.

Under former prime ministersJean Chrtienand Paul Martin, he served terms as secretary of state for the Francophonie andminister of state for financial institutions, among other roles.

Yasmin Ratansiwas elected in Octobertorepresent Don Valley East, the sameriding she had heldfor the Liberalsfrom 2004-11, when she was defeated.

She speaks several languages, including French, and wrote to her colleagues thather experience as a chartered professionalaccountant will help her to oversee House spending. She also"taught the principles of goodgovernance to parliamentarians around the globe" as a consultantin her time away from the House,audited theGlobal Organization of Parliamentarians Against Corruptionand was vice-chair oftheCanadian branch of the group.

Geoff Reganhas represented Halifax West since 2000and was minister of fisheries and oceansfrom 2003-06 under Paul Martin.

In his letter to colleagues asking to becomeSpeaker, Regan said he frequentlydealt with procedural matters during his time asparliamentary secretary to the government House leader from 2001-03, and that he has worked hard to become bilingual.

Bruce Stanton, the lone Conservative in the running, has represented SimcoeNorth since 2006 and is running for Speaker after four years asassistant-deputy chair of the committee of the whole.

While many feel the Speaker should come from the party with the majority,"the House needs a presiding officer who is knowledgeable in the conventions, practices and standing orders of the House, and that this should take priority over party considerations," he wrote in a letter to MPs.

Mauril Blanger, who has represented Ottawa-Vanier since 1995, had signalled his intent to run for the job in a letter to MPs. However, on Monday he announced has been diagnosed with amyotrophic lateral sclerosis (ALS), also known as LouGehrig'sdisease, and said he would not seek the Speaker's position.

Robert-FalconOuelletteis a rookie MP whohad hopedto become thefirst indigenous Speaker of the House, but he withdrew from the race on Sunday after controversial remarks he made about the position.

"At a town hall with my constituents, I suggested that the Speaker has the ability to call over a minister or the prime minister," he wrote on his Facebook page Sunday."I at no time intended to convey that there was any suggestion of quid pro quo.I deeply regret any impression I gave of the Speaker's role."