What if all political candidates had to work with exactly the same funding?

In the news lately has been the Conservative government's desire to get rid of the $1.75 per vote subsidy, leaving only fundraising to pay for election campaigns.

I've been thinking about what I like and dislike about election campaigns, and I think I'd like it better if fundraising wasn't even allowed. I'd rather have all candidates in each race allocated the exact same amount of money, with wouldn't be enough for a particularly lavish race, and strictly limited in the kind of donations they're allowed to accept.

Whatever the amount of money is, it should limit candidates to communicating with voters (in person, online, by phone), having an office, and handing out/mailing printed materials. No assholic TV commercials, no ridiculous promotional stunts, no rallies or parties apart from election night itself. (I'll allow lawn signs too, although I think they're silly and we'd be better off without them.) There would be budget for the minimum staff necessary, at the going rates for seasoned professionals. (This leaves the candidate with the option of larger paid staff who are less experienced.)

The amount each candidate receives should be commensurate with the realities of the riding. For example, candidates in downtown Toronto can probably get everywhere by transit and don't need a car, whereas a private plane would be a necessity for candidates in Nunavut. However, the Toronto candidates would probably have to pay more for office space.

No one would be allowed to donate money to election campaigns. Candidates would not be allowed to use their own money for campaign stuff. (They'd probably be allowed to buy themselves suits etc., but they can't pay for their own domain name - that has to come out of campaign funds.) People cannot make in-kind donations (i.e. no donating free printing for flyers). The only donation allowed is volunteering one's time. I haven't decided yet whether donating one's own professional services should be allowed or prohibited.

The goal here is to put all the campaigns on rather minimalist equal ground and leave the candidates with not much to do but dialogue with voters. This would leave us (and the media) with nothing to focus on but issues and candidate-voter relationships, which would make the whole thing a lot more pleasant for everyone.