Mar 15, 2022 | Personal Tax and Finance, Strata & Council
If you’ve either started or stopped renting out your home in the 2021 tax year, you’ll likely need to file a change in use election along with your tax returns this year. This might sound a bit daunting, especially if you’ve never dealt with one before. But, it’s... 
Oct 5, 2021 | Featured, Strata & Council
The Province of British Columbia introduced the Land Owner Transparency Act (“LOTA”) in May 2019 in the hopes of uncovering hidden ownership in real estate as a means to crack down on tax fraud, money laundering and close tax loopholes. Effective November 30, 2020,... 
Nov 5, 2020 | Personal Tax and Finance, Strata & Council
The Canada Emergency Rent Subsidy (CERS) program has ended. This article is retained for reference only. New Canada Emergency Rent Subsidy (CERS) for Tenants and Owners of Commercial Property The Canada Emergency Rent Subsidy (CERS) program was intended to replace the...May 9, 2017 | Strata & Council, Strata Corporations
Which Type of Year-end Engagement is Right for Your Strata? “Audit”, “Review”, “Notice to Readers”. These are potentially confusing terminology for the layman Strata Council member. Before you allocate budget to next year’s...Dec 19, 2016 | Personal Tax and Finance, Strata & Council
This article describes the BC government’s December 2016 announcement. The program may have changed (limits, eligibility, or name). Check BC Housing or the BC government for current first-time buyer programs. The B.C. government announced on Thursday, December...Aug 8, 2016 | Strata & Council, Strata Corporations
Balance Sheet The statement of financial position (SFP) or balance sheet is one of the reports commonly presented to Council, Owners and managers for periodic review. This is often a confusing beast for those unfamiliar with it. Hopefully, after reading this article,...