Definition : Tax

Most co-ownership directors assume this activity free of charge, effectively excluding the collection of any amount of money. But, contrary to popular belief, they can be paid. Usually, the remuneration granted to a director is mainly symbolic and is not similar to a remuneration similar to that paid to a condominium manager. Their remuneration takes various forms: salary, honorariums and attendance fees, just to name a few. This financial compensation, a part of the administrative expenses of the co-ownership, may also include the reimbursement of some expenses incurred by a director.

The tax status of a syndicate of co-ownership As with any legal person, a syndicate of co-owners has tax obligations to respect under penalty of consequences that could have a significant impact on the financial situation of the co-ownership and the co-owners. Although governed by specific rules set out in article 1039 of the Civil Code of Quebec, a co-ownership syndicate is considered by the tax authorities of Quebec and Canada respectively as: An enterprise under the Taxation Act; A corporation with the status of a non-profit organization under the Income Tax Act  

I will wait until I am 70 years old this year.  Questions: Am I entitled  to claim the tax credit  for expenses incurred for home-support services rendered or that will be rendered to me from the time I turn 70?  What amounts can be taken into account with respect to the common expenses I paid this year?