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…
by Max Pharaon, BuildingLink Canada Are you considering creating a sustainability plan to reduce your building’s carbon footprint and reduce energy costs? Are you thinking about implementing an efficient and safe usage of amenities? From simply updating your lighting to LED to replacing all your windows…the options are endless, costly and overwhelming all without knowing…
Real Estate Council of Alberta Releases Condo Manager Licensing Information IMPORTANT: If you are a professional condominium manager, you will be impacted by the new licensing requirements coming December 1, 2021. On June 14, 2021, the Real Estate Council of Alberta (RECA) released details on the upcoming licensing framework for condominium managers. Please review the…
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 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 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 Public health measures have since changed and information may be out of date. 2020 is an unusual year.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 – 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…
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…
by Rebecca Medel Bringing condo disputes before a tribunal instead of using the traditional courtroom process seems to be quite the dangling carrot for those who are intrigued by the idea of changing up the current system. The efficiency of using online technology to solve problems, and the time and cost savings that come about…
Deferring Condo Fees During the COVID-19 Crisis by John McDougall, Dionne Levesque, and Stuart Gray of SVR Lawyers 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. Whether…