GST/HST Rebates: Is Your Housing Co-op at Risk of Losing Them?
The Co-operative Housing Federation of Canada (CHF Canada)’s new bulletin helps federal co-ops determine future eligibility and access to GST/HST Rebates after operating agreements end.
The Co-operative Housing Federation of Canada (CHF Canada)’s new bulletin helps federal co-ops determine future eligibility and access to GST/HST Rebates after operating agreements end.
Being under-insured puts a co-op at risk. Insurance protects against a misfortune that strikes without warning. In a housing co-op anything can happen, from a fire - several major fires have occurred over the past few years - to a staff person or president gone missing, along with the entire capital
The Agency has discovered that some housing co-operatives victimized by fraud are unable to collect on their insurance because they miss the deadline for reporting their loss. Others don't try to make a claim out of the mistaken belief that a claim won't succeed without a criminal conviction.
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Comparing 2007 and 2020, we saw the median annual contributions per unit almost triple ($1,026 per unit to $3,052).