If you’re a condo owner here in Alberta, chances are you’ve heard at least passing mention of the ubiquitous reserve fund study – but what about reserve fund reports? “Wait,” you might find yourself thinking, “Reserve fund studies? Reserve fund reports? Aren’t those just two different names for the same thing?” To which we’d respond: actually, […]
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It’s been just over a month since the long-awaited amendments to the Alberta Condominium Property Act (CPA) came into effect on July 1, so we thought this would be the perfect opportunity to take a bit of a look back on the changes that took place, how they’re being received, and if –
If you’ve been following this blog for any amount of time, you’ll know that we’ve been talking about amendments to the Alberta Condominium Property Act (or CPA) for a long, long while now. It might be hard to believe, but for as long as we’ve been chatting about these changes, the government’s been discussing them
VERY IMPORTANT changes implemented by CRA effective October 3rd 2016 say that if you sell your primary residence it MUST be reported on your 2016 tax return (hefty penalties apply if you don’t report it). See below. Please feel free to give us