The RCMP is holding a news conference at 2:15 p.m. ET to provide more information.
Corriveau is charged with fraud against the government, forgery and laundering proceeds of crime, according to the RCMP
Jacques Corriveau, 80, was one of several Liberal insiders called to testify at the Gomery Commission in 2004 and 2005.
The inquiry, led by Justice John Gomery, heard that Corriveau's design firm secured millions of dollars in funding from the now-defunct federal sponsorship program.
Among the testimony, former ad executive Jean Brault told the inquiry he paid secret commissions to Corriveau's firm as kickbacks to the Liberal Party of Canada.
Corriveau's home was searched by the RCMP in 2007, but no charges were laid at that time.
He is scheduled to appear in court in Montreal on Jan. 10.