RTA · Condominium Property Regulation
Part 1 — Registration of Condominium Plans and Other Condominium Documents
3 Form of plan
(a) is to be prepared in a mann er acceptable to the Registrar
and on a medium or a material or in a digital format
approved by the Registrar, and
(b) is to consist of
(i) a first sheet on whic h are set out the matters
prescribed by sections 8(1)(a), (b), (c), (d), (f), (g),
(h), (j), (l), (1.1) and (m) and (2) and 10(1) of the
Act, and
(ii) further sheets, if necessa ry, containing the particulars
required by section 8(1)(e), (i) and (k) of the Act.
AR 168/2000 s3;108/2004;181/2017
Section 4 AR 168/2000
(1) In determining market values of securities a corporation may
rely on published market quotations of a recognized stock
exchange in Canada or the United States of America.
(2) In the case of an investment under section 2(e) the inclusion, as
additional security under the mortgages, charges or hypothecs, of
any other assets not of a class authorized by this Schedule as
investments does not render the bonds, debentures or other
evidences of indebtedness ineligible as an investment.
(3) No investment may be made under section 2(e), (h) or (i) that
would at the time of making the investment cause the aggregate
market value of the investments made under those clauses to
exceed 35% of the market value at that time of the whole trust
estate.
(4) No sale or other liquidation of any investment made under
section 2(e), (h) or (i) is required solely because of any change in
the ratio between the market value of those investments and the
market value of the whole trust estate.
(5) In case of an investment under section 2(i) or (j), not more than
30% of the total issue of shares of any body corporate may be
purchased for any trust.
(6) No investment shall be made under section 2(j) that, at the time
of making the investment, would cause the aggregate market value
of the common shares held for any particular trust fund to exceed
15% of the market value of that trust fund at that time.
(7) No sale or other liquidation of common shares is required
under this section solely because of any change in the ratio between
the market value of those shares and the market value of the whole
trust fund.
A corporation may impose a monetary sanction on an owner or
occupant who contravenes section 2(1) or (2)(b) to (e) up to a
maximum sanction of
(a) $500 for the first contravention,
(b) $1000 for the 2nd and subsequent contraventions, and
(c) in the case of a continuing contravention, a further
sanction of $250 for each week during which the
contravention continues after the first week.