Breaking the cycle: Why your condo’s low fees today could be stealing from tomorrow’s owners. Learn how strategic reserve fund planning and transparent budgets can safeguard your investment and build a stronger community.
STORY SUBMITTED BY MICHAEL GIBSON – CONDOMINIUM LAWYER – MILLER THOMSON LLP. Originally printed in “InSite to Condos” Vol. 39, Issue 1. In January 2020, Alberta introduced new provisions of the Condominium Property Regulation, shedding light on insurance obligations between owners and their condominium corporations. One significant change revolved around insurance deductables. Absolute Liability for…
by Amber Nickel – Willis Law On Board – Prompt Payment Legislation: The Time Has Come A long time ago in a galaxy far, far away, after jazzercise and step aerobics left the scene to make way for yoga and Zumba classes… an article was published in the CCI North Alberta Chapter Insite to Condos…
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…
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…