Federal Budget 2022 – Highlights for CCI Members

Federal Budget 2022 – Highlights for CCI Members The federal budget was released last week, with the key themes of growing the economy and improving affordability for Canadian families. There are a number of initiatives that could impact condominiums and homeowners as a whole. Highlights relevant to condominium owners and business partners include: A number…

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…