Condo Construction Liens ExplainedUnderstanding Risks and Responsibilities for Owners Written by: Michael Gibson Michael Gibson is a lawyer at Miller Thomson LLP and is one of the authors of the textbook on condominium law in Alberta. He has extensive experience in condominium law, advising developers, corporations, boards, managers, and owners. Outdated payment processes expose condo…
Cheque Fraud Is on the Rise—Is Your Condo at Risk?Safeguarding Your Condo Corporation from Cheque Fraud Written by: Corey Krakower Corey Krakower is a payments expert with over a decade of experience with financial technology providers and one of Canada’s largest accounting firms. He is currently serving as the Director of Business Development for SparcPay, a…
Beyond the Reserve FundTurn Reserve Fund Studies into Action: Expert Answers for Condo Boards Written by: Katherine Topolniski Source: Answers contributed by the panel of experts A panel of experts offered their insights and actionable guidance for condo boards navigating the critical steps that follow a Reserve Fund Study. When it comes to managing reserve…
Beyond the Reserve FundTurn Reserve Fund Studies into Action: Expert Answers for Condo Boards Written by: Katherine Topolniski Source: Answers contributed by the panel of experts A panel of experts offered their insights and actionable guidance for condo boards navigating the critical steps that follow a Reserve Fund Study. When it comes to managing reserve…
Borrowing by Condominium Corporations: How Does it Work? Article submitted by Jim Wallace National Condominium Financial Inc. The purpose of this article is to provide a basic overview of how Condominium Corporations can use powers granted to them to borrow funds on behalf of the owners. This article will give as much information as can…
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…