Blog Posts with the #BoardofDirectors tag
September 16, 2020 - Condo Life is Grand
Autumn, the Season for Preventive MaintenanceFrom snow storms to freezing rain and cold temperatures, the winter season can create a number of problems for your building. Being prepared can help you get through the season with as little damage to your property and equipment and reduce the possibility of huge insurance claims and unanticipated expenses.
September 9, 2020 - Educational
Condominiums and TaxesCan income from interest and rentals jeopardize your condominium’s non-taxable status? This article will help you to understand which income sources may attract income tax as well as how to determine if your corporation should register for Harmonized Sales Tax.
September 2, 2020 - Educational
Crawling Back Quickly – Justice, Condo Disputes and the PandemicThe pandemic brought major disruption to the justice system but also profound change. Here’s a quick summary and a peek at what it means for condo corporations, boards, managers and owners.
August 25, 2020 - Updates for Members
The Ignored Asset – Your RoofOne of the largest capital expenses in the Reserve Fund Study for condominium corporations is the inevitable replacement of the roof system. Shingle roofs (sloped) or flat roofs (low-slope) eventually require replacement, and the timeline for this process varies greatly between properties.
August 12, 2020 - Updates for Members
Managing Common Elements/Amenities in Stage 3 of Re-OpeningStage 3 – What does that mean for condominiums?
August 5, 2020 - Educational
Your Financial Statements – The First Thing You Should ReadAre your financial statements credible? Read your auditor’s report to discover your auditor’s opinion.
July 30, 2020 - Updates for Members
Electricity Providers’ Requirement for a Security DepositWhen a condominium is presented with the requirement from an electricity distributor (ex. local municipal hydro corporation) to pay a security deposit, the Conditions of Service of the electricity distributor should be reviewed to ensure the request complies with the Ontario Energy Board Distribution System Code.
July 22, 2020 - Educational
TARION – Reinstatement of TimelinesTarion announced the reinstatement of timelines on July 6, 2020. Tarion processes and timelines were suspended on March 16, 2020 under Ontario’s Emergency Order. We understood that all performance audit deadlines and builder repair periods were “on-hold” until the emergency order was lifted. We have been “on-hold” for 16 weeks
July 15, 2020 - Condo Life is Grand
Tips for Replacing Your Condominium’s Asphalt Shingle RoofsTips for Replacing Your Condominium’s Asphalt Shingle Roofs
June 30, 2020 - Educational