Definition : Tax

A compulsory levy imposed by the governments of Canada and Quebec on resources or the property of individuals or enterprises.

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23/07/2024

Tax regime of the syndicate of co-owners

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…...

Syndicate
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23/07/2024

Statutory liability of the directors

The duties and obligations of directors are at the heart of the good governance of a co-ownership. As part of their duties, directors are required to ensure that the syndicate of co-owners complies with the laws. This is why, in addition to the duties of diligence and loyalty of directors…...

Syndicate

23/07/2024

Remuneration of the directors

Most co-ownership directors assume this activity free of charge, effectively excluding the collection of any amount of money. But, contrary to popular belief, they can be paid. Usually, the remuneration granted to a director is mainly symbolic and is not similar to a remuneration similar to that paid to a…...

Syndicate

05/06/2024

New tax obligations for Syndicates of co-ownership

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…...

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16/03/2024

Old Age Tax Credit

I will turn 70 years old this year. Due to my advanced age, I am starting to look into the tax benefits available for seniors. Questions: Am I eligible to apply for the tax credit for expenses incurred for home support services rendered or to be rendered once I turn…...

Your Rights

29/04/2020

Webradio du 29 avril 2020: Les syndicats de copropriétaires et l'impôt

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Management