A recent Ontario Superior Court decision raises several important lessons for condominium directors about controlling their bank accounts.
Continue Reading Property management firm liable for unauthorized money transfers
Financial Issues
Why not include 100% of condo fees when qualifying borrowers?
By Chris Jaglowitz on
Posted in Buying and Selling, Financial Issues
Ottawa was reportedly considering changing the lending rules for condominium purchases but inexplicably backed down. We explore the issue in greater detail.
Continue Reading Why not include 100% of condo fees when qualifying borrowers?
Join CCI in the fight for fair taxation of condo units
By Chris Jaglowitz on
Posted in Financial Issues, News and Events
If the unit owners at your condo are sick and tired of paying municipal taxes at the same rate as single family houses and not receiving commensurate local services, your corporation needs to join Canadian Condominium Institute to do something about it.
Continue Reading Join CCI in the fight for fair taxation of condo units
HST is painful for condos: The Proof (Part 1)
By Chris Jaglowitz on
Posted in Financial Issues
We’ve got proof that the HST adversely affects condominium corporations. Here’s part 1.
Continue Reading HST is painful for condos: The Proof (Part 1)
HST as an opportunity to save money
By Chris Jaglowitz on
Posted in Financial Issues
For a more upbeat view on the looming HST, Warren Ragoonanan offers his take.
Continue Reading HST as an opportunity to save money
CCI-T and ACMO secure concession to offset impact of HST
By Chris Jaglowitz on
Posted in Condominium Act, 1998, Financial Issues
CCI-Toronto and ACMO have obtained a legislative concession to help condo corporations offset the deleterious effects of the ever-looming HST.
Continue Reading CCI-T and ACMO secure concession to offset impact of HST
FAQs on HRTC
By Chris Jaglowitz on
Posted in Financial Issues
The Toronto Chapter of the Canadian Condominium Institute has posted a special info bulletin on how condominium unit owners can claim the Home Renovation Tax Credit (HRTC).
Continue Reading FAQs on HRTC
Condo lien is not slander of title when the owner is in arrears
By Chris Jaglowitz on
Posted in Case Studies, Financial Issues
Unit owners who have a problem about a condominium lien should get legal advice and then follow that advice. Here’s what happens when they don’t.
Continue Reading Condo lien is not slander of title when the owner is in arrears
Protect your condominium community against fraud
By Chris Jaglowitz on
Posted in Financial Issues, Governance
In this special guest post, fraud examiner Athena Mailloux offers practical solutions to help condo directors increase their vigilance against fraud.
Continue Reading Protect your condominium community against fraud
Further amendment to Condo Act increases choice for investing condo funds
By Chris Jaglowitz on
Posted in Condominium Act, 1998, Financial Issues
Another small amendment to our Condo Act came into force on December 15, 2009, this time by virtue of Bill 218, the Ontario Tax Plan for More Jobs and Growth Act, 2009.
Continue Reading Further amendment to Condo Act increases choice for investing condo funds