25% Reduction in CAO Fees to Continue Into 2021-22
The CAO’s recent announcement says:
As of January 6, 2021, all condominium corporations can begin filing their 2021-2022 annual returns with the Condominium Authority of Ontario (CAO). The CAO will be continuing the temporary 25 per cent reduction in its annual assessments to condominium corporations for the 2021-2022 year.
[This means a reduction from $1.00 per voting unit to $0.75 per voting unit again this coming year.]
This temporary reduction will automatically be applied against the total assessment amount owing for each corporation and will appear on each corporation’s 2021-2022 assessment invoice.
Stay tuned to Condo Law News to keep up to date on the latest developments on condominium law!