Free tool · Bill 16

Where does your contingency fund stand?

Describe your building in five fields. The calculation runs as you type: the contribution it would take, the gap with what you put in today, and the year the fund would go into the red if nothing changes.

Your building

Number of units

Year built

Storeys above ground

Elevator

Insured replacement value ($) It is on your insurance policy. Leave it empty and we estimate it.

Current fund balance ($)

Current yearly contribution ($)

Both figures are in your last adopted budget. Without them, you get the contribution, but not the gap or the health of the fund.

Refine (roof, facade, parking, condition)

Roof

Year the roof was last redone

Facade

Parking

Heating

General condition

Region

Construction inflation (%)

Fund yield (%)

For reference: construction cost 2.3% more than a year ago (Statistics Canada, Q2 2026); studies use 2.5 to 3%. The fund must be held in guaranteed capital.

Recommended yearly contribution

– per year

– per unit per month · – of the replacement value

Cautious

–

Realistic

–

Optimistic

–

Health of the fund today –

–

Your current contribution

–

Gap each year

–

If nothing changes

–

Where you stand

There is no percentage to apply any more: since August 14, 2025, the contingency fund study sets the contribution, building by building.

–

The next 25 years

–

Balance at the recommended contribution Balance at your current contribution Planned replacements

What will cost, and when

These costs come from the replacement value and the type of building. If you have a quote, or a better idea of a component's age, correct the line: the calculation follows.

Component	Cost today	Useful life	In	Share of the need

The cost is in today's dollars; the calculation indexes it to inflation up to the year of replacement. "In" is the number of years before the next replacement.

Share this result

The link holds your figures, not the name of your building.

Send it to the rest of the board: they open it, change a figure if they want, and everyone looks at the same thing before the meeting.

What about Bill 16?

A study by August 15, 2028 Every existing condo must have had a contingency fund study done before that date, then at least every five years. Bill 16 obligations

By an independent professional Engineer, chartered appraiser, architect, professional technologist or CPA, who is neither a co-owner nor a board member with you.

– –

The gap becomes public at every sale The certificate given to the notary states the fund balance and the amount the study calls for. Better to know it before the buyer does.

This calculator gives an order of magnitude to prepare the discussion at your meeting. It does not replace the study a professional must do: two roofs of the same age are not at the same point, and only they will go and look. The old floor of 5% of common expenses was removed from the Civil Code on August 14, 2025; the rule now is to contribute according to the study.

How the calculation works

Each component is given a replacement cost (a share of the replacement value, depending on the type of building and the region), a useful life, and a number of years before the next replacement (from the age of the building, its general condition, and the dates you know).
Replacements are projected over 25 years, indexed to inflation, and we look for the lowest yearly contribution, itself indexed, that keeps the balance above zero every year, starting from your current balance and at the chosen yield. This is the cash-flow method used in studies.
The cautious scenario raises costs and inflation by 10% and shortens lives by 10%; the optimistic one does the opposite.
The health of the fund compares your balance with what an up-to-date fund would hold: for each component, the cost multiplied by the share of its life already spent.

See the result

Try it with your condo.

Look around first, or start right away.

See the demo, no account The kit for your board Free trial, 60 days, no card