Does a strata corporation have to file an income tax return?
Yes. A strata corporation is required to file a T2 corporate income tax return for every fiscal year, even if the strata corporation does not have have to pay any income taxes. A strata corporation will also have to file a T1044 information return if any of the following conditions are met:
- the strata corporation’s rental and interest income combined exceeds $10,000 in the fiscal year;
- the strata corporation owned assets that exceeded $200,000 at the end of the prior fiscal year; or
- the strata corporation filed a T1044 information return in the prior fiscal year.
Can the Strata Council refuse an owner's request for a hearing?
No. Under section 34.1 of the Strata Property Act, an owner or tenant can request a hearing, by making a written application setting out the reason for the request. If the Council receives a request, it must hold a council meeting to hear the applicant within 30 days of the request.
What is a hearing for the purposes of the Strata Property Act?
The Strata Property Regulation provides that a hearing means an opportunity to be heard in person at a council meeting.
Can former owners or tenants request access to or copies of the Strata Corporation's records?
Yes. As a result of an amendment to section 36 of the Strata Property Act, a former owner or tenant may request access to or copies of the Strata Corporation’s records, as set out in section 35, relating to the period of time during which the former owner or former tenant was an owner or tenant as applicable.
Can the strata corporation deliver notices via email?
Yes. As a result of an amendment to section 61 of the Strata Property Act, a strata corporation can deliver a notice via email if an owner or tenant has provided an email address for the purpose of receiving notices, records or documents.
Can an owner deliver notice to a strata corporation via email?
Yes. As a result of an amendment to section 61 of the Strata Property Act, a strata corporation can receive notice via email if the strata corporation or a council member has provided an email address.
There are only two strata lots in our development. Does the Strata Property Act apply to us?
Yes. If your property is a strata lot, then the Strata Property Act applies.