A fully compliant, easier, safer, more convenient & more profitable way to manage your reserve fund.




  • Easy monthly and annual reporting with one consolidated statement with holdings from 24 GIC issuers listed
  • Apply for GIC’s at over 23 institutions with one convenient online application
  • Signing officers may authorize and complete transactions online
  • Auditors, accountants, board members etc. may be given “view only” real time access of the portfolio

Effectiveness & Profitablity

How much more can your investments earn with us? Here is a summary of real quotes received by a Condominium CorporationReserve Fund Planning for Condominium Corporations – Bank vs GIC Broker vs Amiko Condominium Consulting for in July of 2022. We were able to provide a 1 year rate, on a fully insured $1,000,000 portfolio that was greater than the 5 year rate provided by a big 5 bank. Additionally, we were able to provide a 1 year rate that was higher than the 2 year rate provided by a traditional GIC broker.

One Consolidated Statement from 24 GIC Issuing Institutions

Condominium Corporations are required to produce monthly financial reports. In addition to tracking expenses and cash flow a list of assets in the reserve fund is required. As GIC’s mature at different times, investment durations vary etc. this can become complicated. Some condominium corporations will even accept lower rates on some of their investments just for the convenience of not having to check statements from 5, 6, 7 or more companies. 

We solve this problem by providing real time, online, fully consolidated statements that list your assets at 24 institutions in one place suitable for monthly and annual reports.

Further you can provide your auditor, accountant, book keeper (or anyone else you wish) with “view-only” access to your consolidated statements further simplifying your monthly reporting.

Reducing the Personal Liability of Condominium Corporation Board Members or How Many Times Does The Word 'Treasurer' Appear in the Condominium Act?

The word ‘treasurer’ does not appear in the Condominium Act, 1998 S.O. 1998. Not once. While most condominium corporation articles designate someone as a ‘treasurer’ who is primarily responsible keeping the books and maintaining the documentation on the reserve fund as far as the Condominium Act is concerned all board members share that responsibility. The Act also states where the are relieved of personal liability in section 37(3):

“A director shall not be found liable for a breach of a duty mentioned in subsection (1) if the breach arises as a result of the director’s relying in good faith upon,
a) financial statements of the corporation that the auditor in a written report, an officer of the corporation or a condominium manager who provides condominium management services to the corporation under an agreement between the corporation and either the manager or a condominium management provider represents to the director as presenting fairly the financial position of the corporation in accordance with generally accepted accounting principles; or
(a.1) a report or opinion of a reserve fund study provider with respect to a reserve fund or a reserve fund study, as determined by the regulations, if any; or
(b) a report or opinion of a lawyer, public accountant, engineer, appraiser or other person whose profession lends credibility to the report or opinion”
We co-ordinate our recommendations with condominium managers, the reserve study provider and others as required and additionally provide a letter of indemnity, addressed to the board and signed by a financial planner confirming that all the investments purchased with us are compliant and meet the insurance requirements as set out in the Condominium Act and as generally accepted by legal precedent. Condominium board members do a lot of work and we believe they should be shielded from personal liability in areas where they rely upon our expertise.