• Link to Facebook
  • Link to LinkedIn
  • Link to Instagram
admin@cci-grc.ca | Box 5, Guelph, ON N1H 6J6
  • Shopping Cart Shopping Cart
    0Shopping Cart
CCI GRAND RIVER
  • Home
  • About
    • About CCI GRC
    • Board of Directors & Staff
    • Committees
    • Governance
  • Membership
    • Join Now
    • RONA PRIVILEGE PROGRAM
    • Individual Member
    • Condo Corporation
    • Business Partner
    • Professional
  • Events
    • Events
    • Golf Tournament
    • Refund Policies
  • Sponsors
    • Our Sponsors
    • Become a Sponsor
  • Directory
    • Online Directory
    • 2025 Directory – Printable
    • Directory Advertising
  • Blog
  • Menu Menu

Strata Property Act Updates – Increased CRF Contributions and Form Bs

  1. A recent order-in-council brought new changes to the Strata Property Act which will become effective later in 2023:
    • Effective April 1, 2023, strata corporations and sections will have to provide a summary of their insurance coverage on the Form B: Information Certificate.
    • Effective November 1, 2023, when approving budgets at the annual general meeting, strata corporations and sections will be legally required to contribute a minimum of 10% of the annual operating fund to the contingency reserve fund (CRF). The amount that owner developers must contribute to the contingency reserve fund for new strata developments has also increased.

    See https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/legislation-and-changes/changes-to-legislation for more information.

Categories

  • Educational
  • News
  • Uncategorized

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • April 2023
  • September 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022

CONTACT CCI GRC

The Canadian Condominium Institute is an independent, non-profit organization formed in 1982.

  • Box 5, Guelph, ON N1H 6J6
  • 226-314-1955
  • admin@cci-grc.ca

Website design by: Theresa Place Media Inc. 

Website Sponsors

 
© Copyright - CCI GRC
  • Link to Facebook
  • Link to LinkedIn
  • Link to Instagram
  • Privacy Policy
Link to: Questions from Insurance Webinar – March 21, 2023 Link to: Questions from Insurance Webinar – March 21, 2023 Questions from Insurance Webinar – March 21, 2023 Link to: Important changes to strata rental restrictions, eviction powers, and age restrictions announced Link to: Important changes to strata rental restrictions, eviction powers, and age restrictions announced Important changes to strata rental restrictions, eviction powers, and age restrictions...
Scroll to top Scroll to top Scroll to top