Periodic information certificate
 11.1 (1) In addition to the material specified in clause 26.3 (a) of the Act, a periodic information certificate of a corporation shall contain, (a) the name and address for service of, (i) the condominium management provider or the condominium manager, if any, with whom the corporation has entered into an agreement to receive condominium management services, and (ii) any other person responsible for the management of the property; (b) a statement of the information required to determine all methods that subclause 13.3 (4) (a) (ii) or clause 13.3 (4) (d) authorizes for the delivery of material to the corporation; (c) a statement of the method of electronic communication that the corporation will use for the purposes of clause 13.4 (1) (a), subclause 13.5 (1) (a) (i), clause 13.6 (1) (a) or subclause 13.7 (1) (a) (i); (d) a statement identifying any person who is a director of the corporation in office, or who has ceased to be a director of the corporation but has continued to so act, if the person, (i) is a party to any legal action to which the corporation is a party, (ii) was a party to any legal action described in subclause (i) that resulted in a judgment that is against the corporation or the person and that is outstanding, (iii) has contributions to the common expenses payable for any units that the person owns in the corporation, if the contributions are in arrears for 60 days or more, or (iv) has not completed the prescribed training within the prescribed time under clause 29 (2) (e) of the Act; (e) a statement of the number of units for which the corporation has received notice under section 83 of the Act that the unit was leased during the current fiscal year; (f) a statement of the financial implications that are described in subsections (2) and (3) for the judgments and legal actions mentioned in clause 76 (1) (h) of the Act; (g) if an insurance policy obtained and maintained by the corporation in accordance with the Act contains a deductible clause that limits the amount payable by the insurer, a statement that, (i) describes any such deductible clause, including the portion of a loss that would be excluded from coverage, (ii) clearly identifies, for any such deductible clause, the maximum amount that is to be added to the common expenses payable for an owner’s unit under subsection 105 (2) of the Act or as a result of a by-law passed under clause 56 (1) (i) of the Act, and (iii) warns owners of their liability as described in subclause (ii); (h) a statement clearly identifying any insurance that the corporation has not obtained and maintained at any time during the current fiscal year if, (i) the insurance is described in section 39, 99 or 102 of the Act, or (ii) the corporation otherwise had or has a legal obligation to obtain and maintain the insurance; (i) a copy of the statements and information provided to the board during the current fiscal year in accordance with the disclosure obligation described in section 11.10; (j) a statement whether the corporation has passed a by-law under clause 56 (1) (h) of the Act and, if so, a statement identifying the number of the by-law; (k) a copy of the corporation’s budget for the current fiscal year and a copy of all amendments, if any, made to that budget; (l) a statement whether the corporation’s budget for the current fiscal year may result in a surplus or deficit and the amount of the projected surplus or deficit; (m) a statement setting out, (i) the balance in the reserve fund, (ii) the balance in the reserve fund at the beginning of the current fiscal year, (iii) the amount of the annual contribution to be made to the reserve fund in the current fiscal year, calculated in accordance with the budget of the corporation for the current fiscal year, (iv) the amount of the anticipated expenditures to be made from the reserve fund in the current fiscal year, calculated in accordance with the budget of the corporation for the current fiscal year, and (v) the current plans, if any, to increase the reserve fund under a plan proposed by the board under subsection 94 (8) of the Act, for future funding of the reserve fund; (n) a statement of the status of any outstanding claims that have been made by the corporation for payment out of the guarantee fund under section 14 of the Ontario New Home Warranties Plan Act; (o) a statement whether the corporation has contravened or failed to comply with subsection 1.30 (6) of the Act or any provision of Part II.1 of the Act during the current fiscal year and, if so, a statement of the contravention or failure to comply; (p) for the purpose of subsection 134.1 (9) of the Act, a copy of any order described in that subsection that has been made against the corporation or a director or officer of the corporation under section 134.1 of the Act if there is no possibility of it being replaced under subsection 134.1 (5) of the Act, unless the order was contained in a periodic information certificate that the corporation has previously sent to the owners in accordance with the Act and this Regulation; and (q) all other information relating to the corporation that a by-law of the corporation requires be included in the certificate. O. Reg. 180/17, s. 5 (2). (2) The following financial implications are required under clause (1) (f) in respect of judgments: 1. Whether the judgment requires the corporation to pay damages, compensation or costs and, if so, the amount of the damages, compensation or costs. 2. Whether an insurer under an insurance policy of the corporation has informed the corporation whether any portion of the damages, compensation or costs mentioned in paragraph 1 is covered by the policy. 3. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraph 2, whether the insurer has informed the corporation that the damages, compensation or costs mentioned in paragraph 1, or any portion of them, are or is covered by the policy. 4. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraphs 2 and 3, the amount of the coverage according to the information provided by the insurer. 5. Whether the corporation has made a claim under an insurance policy of the corporation in respect of the damages, compensation or costs mentioned in paragraph 1. O. Reg. 180/17, s. 5 (2). (3) The following financial implications are required under clause (1) (f) in respect of legal actions: 1. The total amount of the damages, compensation or costs claimed by or against the corporation in the action. 2. Whether an insurer under an insurance policy of the corporation has informed the corporation whether any portion of the damages, compensation or costs mentioned in paragraph 1 is covered by the policy. 3. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraph 2, whether the insurer has informed the corporation that the damages, compensation or costs mentioned in paragraph 1, or any portion of them, are or is covered by the policy. 4. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraphs 2 and 3, the amount of the coverage according to the information provided by the insurer. 5. Whether the corporation has made any claims under the policy mentioned in paragraph 2 in respect of the damages, compensation or costs mentioned in that paragraph. 6. Whether an insurer under an insurance policy of the corporation has informed the corporation whether any portion of the legal costs and expenses incurred by the corporation in connection with the action is covered by the policy. 7. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraph 6, whether the insurer has informed the corporation that the legal costs and expenses incurred by the corporation in connection with the action, or any portion of them, are or is covered by the policy. 8. If an insurer under an insurance policy of the corporation has informed the corporation, as described in paragraphs 6 and 7, the amount of the coverage according to the information provided by the insurer. 9. Whether the corporation has made any claims under the policy mentioned in paragraph 6 in respect of the legal costs and expenses incurred by the corporation in connection with the action. O. Reg. 180/17, s. 5 (2). (4) For the purpose of clause 26.3 (a) of the Act, the following time periods are prescribed as the time periods at which a corporation shall send a periodic information certificate to the owners, instead of at least once every three months: 1. Within 60 days after the last day of the first quarter of the corporation’s current fiscal year if this section is in force on that last day. 2. Within 60 days after the last day of the third quarter of the corporation’s current fiscal year if this section is in force on that last day. 3. The additional time periods, if any, that are set out in a by-law of the corporation passed on or after the day this section comes into force. O. Reg. 180/17, s. 5 (2). (5) For the purpose of subsection (4), if the current fiscal year of a corporation is a period of less than 12 months, the current fiscal year shall be deemed to have commenced on the day that is one year before the end of the current fiscal year. O. Reg. 180/17, s. 5 (2). (6) The material that a periodic information certificate is required to contain shall be current as of the following dates: 1. If the certificate is sent to the owners at the time period described in paragraph 1 or 2 of subsection (4), the last day of the quarter described in the applicable paragraph. 2. If the certificate is sent to the owners at the time period described in paragraph 3 of subsection (4), the day set out in the by-law. O. Reg. 180/17, s. 5 (2). (7) A periodic information certificate shall be in a form specified in the Table to section 16.1. O. Reg. 428/19, s. 1. (8) A corporation that sends a periodic information certificate to the owners in accordance with this section shall be deemed to have complied with section 105.1 of the Act. O. Reg. 180/17, s. 5 (2).