Blog Posts with the #CondoFinances tag
October 15, 2020 - Updates for Members
Fraud: Make Sure the Board Is Drinking Their Morning CoffeeJane woke up early on a Sunday morning and decided she was going to get as many errands done as possible to prepare for the upcoming vacation. She decides to look for the forms to renew her passport. She starts her coffee brewing and sleepily googles “passport renewal”.
September 9, 2020 - Educational
Condominiums and TaxesCan income from interest and rentals jeopardize your condominium’s non-taxable status? This article will help you to understand which income sources may attract income tax as well as how to determine if your corporation should register for Harmonized Sales Tax.
August 5, 2020 - Educational
Your Financial Statements – The First Thing You Should ReadAre your financial statements credible? Read your auditor’s report to discover your auditor’s opinion.
July 30, 2020 - Updates for Members
Electricity Providers’ Requirement for a Security DepositWhen a condominium is presented with the requirement from an electricity distributor (ex. local municipal hydro corporation) to pay a security deposit, the Conditions of Service of the electricity distributor should be reviewed to ensure the request complies with the Ontario Energy Board Distribution System Code.
May 21, 2020 - Educational
Education Videos Spotlight: Finances and Government Assistance ProgramsShalon Seebach discusses how to manage a Condominium's cash flow during COVID-19.
April 16, 2020 - Educational
Condo Finances and COVID-19The COVID-19 pandemic is something no one could have predicted or budgeted for, and we are all struggling in one way or another...
January 2, 2020 - Educational