Ontario
Ontario condo budget notice requirements
When an Ontario condominium board must adopt next year's budget and deliver it to owners, and what happens if the year starts without one.
Duty record
What this duty is
The budget for the coming year has to be adopted and in owners' hands before that year begins, so that the contributions owners are asked for on the first of the year have an adopted budget behind them.
The date is counted back from the fiscal year end, which means a corporation with a June year end is doing budget season in spring while its neighbour with a December year end is doing it in autumn.
This is also the deadline that quietly drives the rest of the year. The periodic information certificate reports the budget, and it cannot report a budget that does not exist yet.
Authority
Who is responsible, and when it is due
The rules pack puts this on the Treasurer.
Due 30 days before the fiscal year end.
Worked example: for Maple Court, fiscal year ending 31 December 2026, this falls on .
The duty in this article is Condominium Act, 1998 (budget and common expense provisions)
Evidence
What has to exist afterwards
A duty is met when there is something to show for it. The rules pack requires a recorded board decision, and proof that the notice actually reached owners.
Consequence
What happens if you miss it
Common expense contributions for the new year have no adopted budget behind them, and the periodic information certificate cannot report the budget.
The pack records no monetary penalty for this one, which does not make it cheap: the cost usually arrives later, through a purchaser, a lender or a tribunal.
Product record
How Board Butler handles it
Board Butler instantiates this obligation for your corporation from the same pack entry this article was built from, dates it from your own fiscal year end and your own records, puts it on the compliance calendar with the role responsible, and attaches the evidence as you produce it rather than asking you to file it afterwards.
Computed from rules pack CA-ON version 2026.3.
This page explains the rules in plain language and is not legal advice.
Get the whole year, not one duty
The statutory calendar tool computes your year from your fiscal year end, with the role responsible and the consequence beside each date.