The following are questions of accounting and taxation interest for condominium corporations, as applicable in Canada.
Some responses are peculiar to condominiums in Alberta, Canada.
Condominium corporations in Canada are required to complete a T2 corporate tax return. CCRA permits the filing of the T2 short along with financial statements for these non-profit corporations. The GIFI short can be used. Residential or commercial condominium corporations that may be considered other than non-profit may be subject to taxation. Residential condominiums are specifically exempt under the Excise Tax Act.