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The Golden Horseshoe Chapter publishes many articles (see the articles button) in their entirety a few months after they appear in the Condo News. The hope is you will appreciate the information and become members to support us. Please become a member if you find the information of benefit, so we can continue to provide education and assistance to condominiums and professionals in Ontario.

Thinking Of Buying A Condominium? Before you do, you need to understand how a condominium differs from other real estate. Read 15 Things You Need To Know Before Buying A Condominium. There are additional articles on this website which you may find of interest before you purchase. They can be found at the articles section on your left. The CHMC also has an excellent publication (the link is found further down this page). Want more information after you purchase? Join the CCI, and attend our seminars and education courses.

What's New

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Tax Credit For Condo Owners Home Renovation Tax Credit and Condos Q and A - Condos and Green Movement Parking Allocation In Condos
• It's Tax Time
  Don't forget that a condominium needs to file their own taxes. The Canada Revenue Agency (CRA) has confirmed that condominiums and co-ops qualify for the Home Renovation Tax Credit. Call your accountant to ask how and for additional information reference two recent articles from National's CCI Review and the Summer issue of the Condo News: Home Renovation Tax Credit and Condos and Tax Credit For Condo Owners. Directors and Property Managers are encouraged to speak to their own accountants and legal counsel on applying for the credit, with respect to common element renovations, and advising unit owners on how to apply for their portion of the credit. Boards need to plan today how they will administer and report this for 2010.
• HELP STOP THE HST!
  The HST (Harmonized Sales Tax) in Ontario starting in 2010 will increase costs for condominiums and their owners. Look for future updates on our website and in the Condo News. Write your MPP and our Premier using the link above. Boards should discuss their concerns with their corporation's accountant and budget accordingly.
• Accounting and Auditing Guidelines for Ontario Condominium Corporations
  The Institute of Chartered Accounts of Ontario has recently released an important update to Accounting and Auditing Guidelines for Ontario Condominium Corporations. This publication is the first major revision of the Institute's audit guidelines for condominium corporations since 2001 and incorporates recent changes in accounting practice and the requirements of the Condominium Act, 1998. Be sure to download now and protect your condominium.
• Check out the Condominium Buyers Guide
  This is a booklet prepared by the CCI and CMHC and it's free. Contact the CMHC for copies or download from the CMHC's site.

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