News from the CAO: the deadline to register your condominium corporation with the CAO has been extended until February 28, 2018!
The CAO reports that some 7,000 condo corporations have already registered their condo corporation. That’s not bad! However, by everyone’s best estimates, that leave some 3,000 or so who have not yet registered. For those procrastinators or for those who simply haven’t had a chance to do so yet, Santa Claus is delivering an early gift: an extension of time to comply.
Registration is mandatory
As you know, all condominium corporations in Ontario are required to register with the CAO and to pay their initial assessment fee. This fee is set to cover the period from September 1st, 2017 to March 31, 2018. The assessment fee is calculated at $1/month per voting unit. Until recently, the deadline to register a corporation and to pay was December 31, 2017. This has now been extended until February 28, 2018.
How to register your condominium corporation?
To register you need to have received a unique “Invitation Code” from the CAO. If you have not received one already, you must contact the CAO at once. You can email them at email@example.com. Once you receive this unique code, you can access the CAO’s registration portal.
Make sure you have the following information ready before registering:
- The condominium corporation’s unique invitation code
- The type of condominium corporation being registered
- The service address for the condominium corporation
- The condominium corporation’s date of registration at the Land Registry Office
- The number of units and voting units (the number of voting units will be used to calculate the assessment amount)
- The names, email addresses, and terms for condo directors (this information is optional)
- The name, email address and firm (if applicable) for your condo manager (this information is optional)
How to pay the assessment fee?
Once you register your corporation, the CAO will send you an invoice. You can pay the assessment fee electronically, by credit card or Interac or by sending the CAO a cheque, certified cheque or money order.