Blog Posts with the #Educational tag

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September 9, 2020 - Educational
Tag(s): #BoardofDirectors #CondoFinances #Educational

Condominiums and Taxes

Can 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.

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September 2, 2020 - Educational
Tag(s): #BoardofDirectors #COVID-19 #Educational #Legal

Crawling Back Quickly – Justice, Condo Disputes and the Pandemic

The 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.

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August 25, 2020 - Updates for Members
Tag(s): #BoardofDirectors #Educational #Maintenance

The Ignored Asset – Your Roof

One 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.

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August 18, 2020 - Educational
Tag(s): #Educational #Legal #UpdatesForMembers

Harassment of Condominium Managers

Though some managers might be villains, and only a few are truly heroes, all of them are human, and they are entitled to fair and humane treatment.

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August 12, 2020 - Updates for Members
Tag(s): #BoardofDirectors #COVID-19 #Educational

Managing Common Elements/Amenities in Stage 3 of Re-Opening

Stage 3 – What does that mean for condominiums?

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August 5, 2020 - Educational
Tag(s): #BoardofDirectors #CondoFinances #Educational

Your Financial Statements – The First Thing You Should Read

Are your financial statements credible? Read your auditor’s report to discover your auditor’s opinion.

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July 30, 2020 - Updates for Members
Tag(s): #BoardofDirectors #CondoFinances #Educational

Electricity Providers’ Requirement for a Security Deposit

When 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.

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July 22, 2020 - Educational
Tag(s): #BoardofDirectors #COVID-19 #Educational

TARION – Reinstatement of Timelines

Tarion 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

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July 8, 2020 - Updates for Members
Tag(s): #CondoLifeIsGrand #Educational #EnergyEfficiency

Are You Paying For Your Neighbour’s Utilities?

Does your Condo Corporation have a Utility Management System in place to ensure that you are paying only for your own consumption of water, electricity, heating and cooling? A fair monitoring and billing platform can be achieved through the sub-metering of utilities.

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June 30, 2020 - Educational
Tag(s): #BoardofDirectors #CondoLifeIsGrand #COVID-19 #Educational #IndustryNews

Selling/Buying A Condo During COVID19 – What to expect!

Real Estate is deemed an “Essential Service” however like all other industries, there are some significant changes to the processes of working from A-Z through a successful real estate transaction closing.

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