From the Spring 2020 Issue
CAO Updates, Electricity Rebate, Member Renewals and More
Temporary reduction to CAO’s annual assessment fees to continue for 2020–2021
As of January 6, 2020, all condominium corporations can begin filing their 2020–2021 annual returns with the Condominium Authority of Ontario (CAO). The CAO will be continuing the temporary 25 percent reduction in its annual assessment fees to condominium corporations for the 2020–2021 year. This temporary reduction demonstrates the CAO’s commitment to operating efficiently, providing good value for money, and assessing corporations only for the funds needed to provide our services.
All condominium corporations are legally required to pay assessment fees annually to the CAO. The CAO set its fees at $1 per voting unit per month (i.e., $12 per voting unit per year) after undertaking a comprehensive fee consultation in the summer of 2017.
Read the full release here https://www.condoauthorityontario.ca/en-US/news-and-media/temporary-reduction-to-caos-annual-assessments-to-continue-for-2020-2021/
New Ontario Electricity Rebate
Effective November 1, 2109, electricity bills became more transparent to show consumers the true cost of their electricity. At the same time, the previous 8% hydro rebate and rate reduction were replaced by the new Ontario Electricity Rebate.
The new rebate applies to some multi-unit buildings that consume more than 250,000 kWh/year and over 50 kWh/day, you must notify your local distribution company by January 31, 2020, to be entitled to receive the Ontario Electricity Rebate beyond February 1, 2020.
If there are less than 50% residential units at your condo, you could qualify to receive an extension of time to report to your local distribution company up until November 1, 2020. You can read the full release here https://www.ontario.ca/page/changes-your-electricity-bill
CAO Assumes Forms Responsibilities
Effective January 1, 2020, the Ministry of Government and Consumer Services (the ministry) began delegating responsibility for 17 forms under the Condominium Act, 1998 (Condo Act) to the Condominium Authority of Ontario (CAO). As of January 1, 2020, the forms delegated to the CAO will no longer be hosted on the Government of Ontario land registry website but will only be available on the CAO’s website. This delegation will provide easier access and usability of frequently-used condo forms for condo owners, corporations, purchasers and mortgagees. Additional forms may be delegated at a later date. For more information on the CAO, please visit the CAO’s website here: https://www.condoauthorityontario.ca/en-US/.
Public Comment Closes for Proposals under the Condominium Act, 1998
The Ministry of Government and Consumer Services requested input on regulatory proposals under the Condominium Act, 1998 (Condo Act) to further support condominium living in Ontario. The Ministry proposes to expand the scope of disputes that can be heard by the Condominium Authority Tribunal, in a staged process, beginning with these proposals.
These proposals, if approved, would proclaim into force a new section 117 of the Condo Act and amend two regulations under the Condo Act (O. Reg. 48/01, and O. Reg. 179/17) to:
- Expand the scope of disputes that can be heard by the Condominium Authority Tribunal to include disputes related to nuisances, annoyances and disruptions, vehicles, parking, storage and pets or other animals on condominium properties or any assets of a condominium corporation.
- Establish certain nuisances, annoyances, and disruptions that are to be prohibited on condominium properties or any assets of a condominium corporation.
The comment period closed on January 31, 2020. Watch these pages for updates.
ACMO Member Renewals
It’s time to renew your membership in the Association of Condominium Managers of Ontario (ACMO), the leading professional community in Ontario for condominium managers and management service providers. We’re working to raise the profile of our profession and offer cutting-edge knowledge, resources and support to enhance the quality and value of the services you provide your clients.
We are excited about the future of our association and the condominium management profession and remain committed to providing our members with the knowledge and tools to succeed. Stay tuned – positive changes are on the horizon!
To renew online simply visit your member portal. Should you have any questions, please feel free to contact us at email@example.com. Thank you for your continued support of ACMO and our profession!