Where to find it on your insurance document: Not on the insurance document. The vote a resolution needs is stated in your bylaws and in the notice of the general meeting. The number of votes in your strata is on the strata plan and in the meeting package.
How to use it: type your numbers in the boxes (the examples are only there to show how it works) and the results update right away. Nothing is sent to us. Use Save my numbers to keep a copy on your own computer.
What this tool does and does not include
- The starting numbers are examples only. Replace them with your own.
- Simplified estimates for a BC strata corporation. They leave out many real-life details such as your bylaws, the exact policy wording, lender conditions and GST.
- Rates and rules change. Confirm them with the firm or the government before you act.
- Information only. This is not tax, accounting, legal or financial advice.
Good to know
- Read your bylaws and the notice of the meeting first. They say which vote a resolution needs, for example whether a spending or borrowing resolution needs a majority or a higher vote.
- Abstentions are not counted as votes cast for a majority or 3/4 vote, but 80% and unanimous votes are measured against everyone who is eligible to vote.
- Count carefully who is eligible. A lot may lose its vote if your bylaws allow it and it is in arrears.
- Ask your strata manager or chair to confirm the count before announcing a result.
Strata help in BC
Links open other websites. Programs change, so check each one is current.
- Strata Insurance Lines Explained – every line of a strata insurance summary in plain and technical language
- Strata Special Levy Calculator – each unit’s share of a levy by unit entitlement
- Strata financial reviews – an independent CPA review of the strata’s financial statements
- Types of strata voting (Province of BC) – how votes work
- Strata Property Act (BC Laws) – the rules for stratas in BC
- Talk to the firm – book an initial consultation
More strata tools
Want advice for your own situation?
This free tool is a courtesy of HJ Wu & Company Inc. (CPA), a Vancouver CPA firm offering accounting, tax, financial reporting and review assurance. Feedback on the calculators is welcome.