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News

Announcements and Updates

Introducing the Annual Condominium Requirements Guide

The CAO has produced this guide to highlight many of the regularly occurring legal requirements under the Condominium Act, 1998 (the Condominium Act) for condominium corporations in a single document. This document can be used by owners to better understand their condominium board’s obligations and by directors to help them create a plan for complying with the annual legal requirements found within the guide.

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Unclaimed balances

When a Canadian-dollar account, deposit or negotiable instrument held or issued by a federally-regulated bank or trust company has been inactive for 10 years and the owner cannot be contacted, it is considered an “unclaimed balance.”

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