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Financial statement whose purpose it is to present the assets, liabilities and net assets of the syndicate of co-owners at a specific date. It must be attached to the notice of the annual general meeting of the co-owners.This document is an integral part of the register of co-ownership and shall be made available to any co-owner upon request.
04/03/2025
Our co-ownership syndicate produces its financial statements annually and sends them to the co-owners at the annual meeting, in accordance with the law. However, we are wondering about the obligation to have them audited by a chartered professional accountant. Some co-owners request a formal audit, while others believe that it…...
23/07/2024
With respect to the Annual General Meeting, the article 1087 of the Civil Code of Québec provides that certain documents must be attached to the notice of meeting.These documents are to be sent to co-owners so that they can ascertain the exact nature of the questions and issues to be…...
29/02/2024
Preparing a forecast annual budget is an unavoidable task in a co-ownership (condominium); its preparation, preliminary examination and adoption will ensure the proper functioning of the syndicate of co-owners. It is up to the board of directors to define the terms of the forecast annual budget based on the expenses that will have to…...
19/12/2017
The statement of financial position, also known as the balance sheet, lists the assets, liabilities and net assets of the co-ownership syndicate at a specific time. It is a picture of the financial situation at a given date compared to other statements that usually cover a full fiscal year. The…...