In 1992, a majority of delegates at the Communist Party's national convention voted to abandon
Marxism-Leninism and pursue a
social democratic alternative. Rankin was a part of the minority group led by
Miguel Figueroa that opposed the change, and continued to support traditional communist principles. The party split, and the minority group won the rights to the Communist Party name through an out-of-court settlement. Rankin was appointed as interim leader of the Communist Party of Canada (Ontario) in April 1995, and led the party in the
1995 provincial election. The national party had fallen to only 500 members in this period, and the Ontario party ran a low-profile campaign with only five candidates and an $8,000 budget. Rankin challenged
New Democratic Party Premier Bob Rae in
York South, and focused on issues such as health, education, social programs and full employment. In June 1995, Rankin contributed an article entitled "Observations on the Setbacks to Socialism" to the Communist Party discussion journal
The Spark! (not to be confused with the
Trotskyist organization of the same name). The piece examined then-recent events in
Eastern Europe, including the fall of the
Soviet Union. ==CPC-Manitoba leader==