In response to the COVID-19 pandemic, the Government of Ontario passed the COVID-19 Response and Reforms to Modernize Ontario Act, 2020, which made temporary legislative amendments to the Condominium Act, 1998 (Condo Act) related to virtual meetings and the deferral of annual meetings in some circumstances. Previously set to expire on May 31, 2021, these temporary legislative provisions have now been further extended until December 31, 2021.
What Does This Mean for You?
For corporations governed under the Condo Act, the extension of these temporary legislative provisions permits corporations to call and hold virtual owner meetings, as applicable, notwithstanding certain restrictions or requirements until December 31, 2021.
The Ministry of Government and Consumer Services will continue to monitor COVID-19-related developments and analyze the feedback received from their recent consultation on the Regulatory Registry on whether further temporary or permanent amendments are needed under the Condo Act in relation to virtual processes. The ministry will communicate any future updates, as applicable.
For additional information regarding the extension of the effective period of these temporary legislative provisions to the Condo Act, check out the resources below:
- Bill 190, COVID-19 Response and Reforms to Modernize Ontario Act, 2020
- Changes to the Condominium Act, 1998 (Condo Act)
- Summary of legislative changes to support corporations and businesses
If you have any questions regarding the extension of the effective period of the temporary legislative provisions related to virtual meetings, please contact OnCondo@ontario.ca or BusinessLawPolicy@ontario.ca.
We want to thank all those who provided feedback on the ministry's recent consultation and will relay any future communications or additional updates regarding this matter.
If you'd like to learn how our Hosted Virtual Meeting solution can help your corporation run a successful virtual AGM, get in touch with our team today.