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If your Condominium Corporation has or possibly has a residential dwelling unit, gather as much information about the unit in question, including property tax bill and contact your accountant for further information to determine if your corporation needs to register and file a return by May 1, 2023 to avoid the $10,000 penalty for not filing on time.
Note: this article was forwarded by email (March 13, 2023) to board - managed to corporations that we have on file as members of CCI London & Area Chapter; managers where we have email addresses so they may attend to the corporations under their management and posted on social media. For more information, you can review the Underused Housing Tax Act here:
NEXT ISSUE SUBMISSION DATE
MAY 1, 2023
CCI Review 2022/2023 – 3 —March 2023 Page 7
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