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A compulsory levy imposed by the governments of Canada and Quebec on resources or the property of individuals or enterprises.
15/12/2024
As the president of a horizontal co-ownership, I have noticed confusion among co-owners. They believe that the contingency fund can cover work on private portions, such as roofs, windows, or exterior cladding. However, under the Civil Code of Québec, this fund must be used exclusively for common portions. Question :…...
23/07/2024
In general, a syndicate of co-ownership is considered a non-profit organization (NPO). As such, it benefits from a tax exemption. However, like any legal person, the syndicate of co-ownership must comply with various tax obligations, failing which it may face penalties that could have significant repercussions on the financial situation of…...
05/06/2024
Even if it is tax-exempt, every syndicate of co-owners must submit an income tax return each year, both at the provincial and federal levels. This return must be filed within six months following the end of the fiscal year. A syndicate of co-owners must therefore complete the Non-Profit Organization Information…...
16/03/2024
As I approach this milestone, I have started to explore the potential financial advantages available to seniors. I will be turning 70 this year. Living in a co-ownership where maintenance costs for common portions and various services are shared among co-owners, I am wondering about the tax benefits I might be…...
29/04/2020
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