Condo Smarts: Depreciation report rules differ within province (BC)

/ Owner - May 7, 2024

Dear Tony: As a follow up to last week’s column on depreciation reports, our management team attended an information session and we were informed strata corporations can continue to exempt from depreciation reports until July 1 2026, but at that time we are required within 18 months to have a report completed, so this extends our time period to the end of 2028 to comply with the Act. Is this correct?   Read the Q&A………………………………..

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