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Organization established exclusively for social, educational, religious, or philanthropic purposes, without the intent to provide economic benefits or profits to its members. A syndicate of co-owners is also considered an NPO. From a tax perspective, no income of the NPO may be distributed to its members, shareholders, or owners, except in cases expressly provided by law.
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 :…...
03/10/2024
Le jeudi 3 octobre 2024, nous étions réunis pour une webradio exclusive qui explorait un sujet souvent méconnu : Un syndicat de copropriété peut-il générer des revenus en dehors des charges communes ? À travers cette discussion, nous avons abordé les possibilités qu’ont les syndicats de diversifier leurs sources de financement. Peut-on louer…...
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…...
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…...