If your condominium corporation has benefited from the temporary legislation that made it possible to hold all meetings virtually, then there is a deadline you should be made aware of.
By September 30th, 2022, the temporary legislative provisions that permitted corporations governed under the following are set to expire:
- Business Corporations Act (OBCA),
- Corporations Act (CA),
- Not-for-Profit Corporations Act, 2010 (ONCA),
- Co-operative Corporations Act (CCA) and
- Condominium Act, 1998 (Condo Act)
The Ministry of Government and Consumer Services (ONCONDO) is working on extending these provisions and will be updating the condominium community in the coming weeks.
Many of us have benefited from this legislation; from saving commuting times, to being generally more accessible. Condominium community members are standing by for an update on whether or not this will be extended.
How can you stay up to date? Ensure you are subscribed to a trusted condominium community news source, like CCI Grand River Chapter. Meanwhile, know that your voice matters, and share your thoughts when you can.
*UPDATE: The Government of Ontario extended the effective period of the temporary legislative provisions permitting condominium corporations to call and hold meetings virtually (as applicable and with certain restrictions and requirements, as discussed in our September 1, 2022 blog). The NEW EXPIRY DATE for these provisions which permit virtual meetings is September 30, 2023.
Marketing Manager for CCI Grand River Chapter