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01/03/2022
In theory, your co-ownership doesn't necessarily need a Chartered Professional Accountant to present its financial information, whether it's financial statements, financial forecasts or financing applications. Competent administrators or a manager could do the work and present the required financial information well. However, the need may arise if the co-owners have doubts about the work, skills or honesty of the board members. The internal reports submitted to the co-owners may also be absent or deficient....
21/02/2022
February 22, 2022 - The archives of a co-ownership are a set of documents kept being able to manage the building, prove rights or testify to certain activities. I am sometimes asked for how long documents filed in the co-ownership register should be kept by the syndicate. This is a fair question, since the legislator has given no explicit directions on this subject in the Civil Code. It could be that its silence means, "You…...
09/08/2022
A syndicate of co-owners has the obligation to account for its operations by funds. The Civil Code of Québec requires the creation of a general fund, a contingency fund and in April 2022, the creation of the self-insurance fund. The creation of the early self-insurance fund is recommended. The general fund for current operations is also sometimes referred to as an administration fund or an administration fund....
10/03/2024
The Goods and Services Tax (GST) and the Quebec Sales Tax (QST) are collected in Quebec on the sale of most goods and services. The application of the Excise Tax Act (Part IX) and the Act respecting the Québec sales tax in respect of expenses incurred by a syndicate of co-owners and the contributions to common expenses it receives from co-owners is a very complex subject. Before registering for the GST and QST files, a…...
27/07/2015
27 juillet 2015 - Il n’est pas rare d’entendre des administrateurs de copropriété souligner le manque d’intérêt des copropriétaires quant aux affaires de leur syndicat. Cela se traduit parfois en une faible participation aux assemblées de copropriétaires, occasionnant son annulation et report, faute de quorum, ou l’impossibilité d’atteindre le pourcentage de votes requis pour prendre certaines décisions importantes, en vertu du Code civil du Québec....
24/06/2014
24 juin 2014 - Dans une précédente chronique, j'énumérais un certain nombre de règles à suivre lors de l'octroi de contrats de construction. En tant que mandataire d'un syndicat de copropriété, tout administrateur se doit en effet d'agir de façon prudente, dans l'intérêt de la collectivité des copropriétaires....
05/02/2021
1er février 2021 — Recourir aux services d’un gestionnaire de copropriété est une décision importante. Le mandataire doit être choisi avec doigté. Malheureusement, certains syndicats de copropriétaires éprouvent des difficultés à sélectionner les bons candidats. À l’inverse, certains gestionnaires ne savent pas dans quoi ils s’embarquent en acceptant un mandat, si bien que les mauvaises surprises peuvent miner la relation d’affaires entre eux....
15/07/2016
The accounting of the co-ownership is managed by the members of the board of directors or the manager designated by the latter. It is necessary for them to understand the rules of accounting in order to ensure the effective management of the syndicate of co-owners on a daily basis and measure its result in a reliable way. However, not all directors and co-owners are accountants by trade. It is therefore important that they understand the…...
22/08/2018
22 août 2018 - La décriminalisation de la marijuana, en octobre 2018, est encore un sujet de controverse dans nombre de copropriétés québécoises. Elle oppose les copropriétaires favorables à cette mesure à ceux qui s’y objectent farouchement, notamment en raison de la propagation d’odeurs et des dangers inhérents à la fumée secondaire. ...
22/11/2022
Every January or February, the manager, the accountant or the administrator of the co-ownership syndicate must complete, at the request of the co-owners concerned, the form TPZ-1029.MD.5-V for the tax credit for home support services for seniors. Completing this form requires an analysis of the accounting books to use only eligible expenses. This work can take a lot of time, depending on the volume of transactions of the condominium. It is tempting to charge the…...
