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Year-End Filings Coming Due? Things to Remember
Getting your year-end filings done on time is good for everyone! You’ll fulfill your co-op’s legal obligation and get your Agency performance reports that much sooner. Also, Agency staff would rather do other things than hound you for documents.
Here are a few helpful reminders for you when your
Q&A on Underfunded Reserves
Topping up Your Capital Replacement Reserve after Mortgage Payout
Many co-ops in the Agency’s portfolio reached an important milestone in the past several years: finally paying off their mortgages. For many, that has opened wide new worlds of financial freedom. And the good news is that many co-ops are using that freedom to top up their capital reserves.
New Good Practices Video on Filing Your AIR
Every year, Agency clients ask their auditor to web-file their Annual Information Return (AIR) to fulfill their annual filing obligation under their CMHC agreement four months after the end of their fiscal year. The annual filing also includes your co-op’s audited financial statements, signed board
Investing in Longevity: Stonetown Co-op's Capital Repairs Pay Off
It’s no secret that, like all things, buildings wear down over time and need to get fixed up. But undertaking major repairs isn't just about replacing what's broken; it's an investment in the longevity, functionality and overall appeal of our living spaces.
Whether you’re revamping a tired façade
Stay in Shape: Your Capital Replacement Reserve Plan
A capital replacement reserve plan is a crucial strategy for keeping your housing co-op in good repair over time. The plan outlines the anticipated lifespan of various elements within your property and estimates the funds necessary for their replacement or for major repairs.
In this article, we
Tip of the Month
Infectious Arrears
In co-ops where board members are behind on their housing charges, the amount all members owe is almost four times higher than in co-ops where board members pay on time. This number speaks for itself.