Keep Current on Your Condominium in Ontario
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Home Renovation Tax Credit - Finally Some Straight Answers
As posted on the blog of Chris Jaglowitz from Gardiner, Miller Arnold, the Toronto chapter of the Canadian Condominium Institute has posted a series of questions and answers regarding the new Home Renovation Tax Credit. The complete document can be found here.
Time to get those calculators out! -
Safety In Our Workplace For On-site Staff
For those of you who live in the Greater Toronto Area, it was reported today that an incident at a rooming house in Toronto resulted in the death of it's operator. Read this City News article.
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The 2009 Home Renovaton Tax Credit and Condominiums
One of the qualifying conditions for condominium owners is if "the condominium has notified you in writing of your share of the expenses". This places the onus on the Corporation to calculate and report to the owners their share of eligible expenses.
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To Borrow Or Not To Borrow
It is not a best kept secret, there are Corporations who, for various reasons, find themselves in a financial pickle. When funds are required now, boards are faced with three options:
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How Much Are My Condo Fees Per Square Foot?
Attempting to compare Condominium common element fees is like comparing apples to oranges. Always was, always will be...
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We've added a videos section
We've added a videos section to our links page. We will shortly be providing a series of videos aimed at helping homeonwers and board members understand their financial statements.
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Smaller Condominiums and Self-Management
It is important that all condominiums check with their local land registry office to determine their current address for service. This can be done with a title search. Smaller corporations are at risk of having an incorrect Address for Service.
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How Well Does Your Board Work?
Evaluations work. A very effective practice for Board members is to evaluate the quality of their Board operations. Many times, Board members do not know what they do not know about their own Board.
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How To Conduct Effective Meetings.
I have been to many, many board meetings. For the most part, we accomplish what is on the agenda. This does not mean they were good meetings...
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The Three P's of Property Management ...
I was speaking with a business associate a few weeks ago. His line of business is in no way related to property management...
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Smart Metering / Sub Metering, What's the difference?
Will Sub-Metering Save Me Money? ...
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Harmonization of GST and PST
Corporations should prepare their owners now for a minimum 5-7% increase...
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How Do Management Firms Calculate their Fees?
Have you ever questioned how management companies calculate the management fee you are quoted for their service and how there can be such disparity between quotations?