Another federal cabinet minister has stepped down over money woes.

Peter Penashue has given up his job as Conservative MP for Labrador & Minister of Intergovernmental
Affairs. He intends to run in a byelection.

Records suggest Penashue may have accepted corporate donations, a legal no-no.

In a statement Penashue writes: 

"Due to mistakes that were made by an inexperienced volunteer in filing the Elections Canada return from the last campaign, I appointed a new Official Agent to work with Elections Canada to make any needed amendments to my campaign return.

During the examination we became aware that there were ineligible donations accepted by the former Official Agent.

Although I was unaware of the inaccuracies in the return, I believe I must be accountable to the people who elected me."

Last month, John Duncan resigned as Aboriginal Affairs Minister after improperly lobbying a tax court judge on behalf of a constituent.  Duncan remains an MP.

(With files from the Canadian Press)