Info Session on Condominium Licensing Program

Info Session on Condominium Licensing Program Thursday, October 21st, 2021 12:00 PM – 1:00 PM This is a free event for CCI Members and the General Public, but registration is required. This lunch hour information session about the new Condominium Manager Licensing Program is designed with condominium managers in mind. This is your opportunity to…

(Please Don’t) Lien On Me

by Amber Nickel, a lawyer with Willis Law and a member of the CCI North Alberta Board of Directors Changes are coming that require contractors to be paid within 28 days (conditions apply). The hills are alive with the sound of changes to payment requirements and lien rights in the construction industry. The connection between…

Virtual AGMs for Condos – Bill 53

Bill 53 and Virtual AGMs for Condominium Corporations A previous version of this article contained information that has since been updated for condominiums. Please refer to this article and the resources specific to condominiums. Bill 53, which amended section 31 of the Condominium Property Act, passed into law in Alberta on March 26, 2021. The effect of…

Energy Savings Program for Condos

Energy Savings Program for Condominium Corporations Emissions Reduction Alberta (ERA) will help eligible Alberta condominiums reduce emissions and decrease operating costs with their Energy Savings for Businesses (ESB) program. Recognizing that time is money to Albertans, the program will offer streamlined applications, quick turnaround times, expanded technology lists and clear, timely, comprehensive information. ESB will give condo corps fast…

Winter Activities During COVID-19

Winter Activites During the COVID-19 Pandemic and Lockdowns PLEASE NOTE: This information was published between 2020 and 2022 while public health measures to stop the spread of COVID-19 were in effect. Public health measures have since changed and information may be out of date. 2020 is an unusual year. In Alberta, public health restrictions have…

Fidelity Bonding

FIDELITY BONDING – INSURANCE AGAINST FRAUDULENT OR DISHONEST ACTS by Dawn Mitchell (HUB International Insurance Brokers) On January 1, 2020, Section 62.5 of the Condominium Property Act Regulations will make it mandatory for all condominiums – commercial and residential – to have a fidelity bond.  Corporations that do not currently have this coverage will be…

Information Required by Canada Revenue

By Barbara Surry CPA CMA   Does my Condominium Corporation have to file a T2 (Corporate income tax return)? Technically yes, however there are several Condominium Corporations that do not.  Condominium Corporations for the most part, are exempt from corporate income taxes under subsection 149(l) of the ITA (as they are considered to be a…