Co-ownership Budgeting: Best Practices for Financial Planning

An annual budget is one of the most important management tools available to a co-ownership corporation.

It finances day-to-day operations, supports long-term planning and helps ensure the financial sustainability of the property.

Following the implementation of Bill 16, budgeting must also reflect reserve fund requirements and future maintenance obligations.

Preparing a sound budget requires more than simply updating last year's figures.

Boards and managers must analyze operating expenses, contractual commitments, anticipated projects and financial risks while ensuring that contributions remain aligned with the corporation's long-term needs.

During this webinar, participants will learn practical methods for building realistic budgets, integrating reserve fund planning and avoiding common financial mistakes.

Real-life co-ownership examples will illustrate best practices for sustainable financial management.

The webinar concludes with a live question-and-answer session.

Program: 

• Understand the structure and key components of a co-ownership budget.
• Anticipate future expenses and adjust common charges accordingly.
• Align the annual budget with the reserve fund study and long-term financial planning.
• Identify common budgeting mistakes and financial best practices.
• Review practical examples comparing well-prepared budgets with financially problematic situations.

Build stronger budgeting skills to improve your co-ownership's financial stability, anticipate future expenses and support sound long-term governance. 

Panelists :

To be confirmed

Schedule :

6pm - 7:30pm

Registration process :

You may now register for RGCQ activities by completing your payment online. 

If you require another payment method, please contact us at evenements@rgcq.org

Please note that a $5 administrative fee will be added for registrations processed manually. 

Cancellation and refund policy : 

You may cancel your registration up to 48 hours before the event to receive a full refund.

After this deadline, no cancellation, credit or refund will be granted. 

📞 Need assistance with your registration or have questions about our activities? Contact us at evenements@rgcq.org or call 514-916-7427 ext. 102.