A contingency fund (fonds de prévoyance) is a mandatory financial reserve for every condo in Quebec. It finances major repairs and replacement of common elements: roofing, windows, plumbing, elevators, parking, etc. Unlike the operating fund (which covers day-to-day expenses), the contingency fund is dedicated to significant future expenditures. Proper planning avoids unexpected special assessments that can represent thousands of dollars per co-owner. This calculator lets you estimate the contributions needed based on your building's actual components.
Adopted in 2019, Bill 16 imposes new obligations on Quebec condominiums. By August 14, 2028, every syndicate must obtain a contingency fund study conducted by a qualified professional, then update it every 5 years. Until this study is completed, the law requires a minimum contribution of 5% of the annual operating budget to the contingency fund. This contribution must be maintained even if it exceeds the usual amount. Additionally, Bill 16 requires a maintenance log detailing the condition and upkeep of all common elements. Directors who fail to comply face potential sanctions. Our calculator helps you verify whether your current contributions are sufficient and prepare for your professional study.
Edit unit numbers to match your condo.
Optional. Used to check the minimum 5% threshold required by Bill 16.
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INDICATIVE ESTIMATE ONLY
This tool provides an indicative estimate. It does not constitute a reserve fund study as defined by Bill 16 and does not replace the advice of a qualified professional (engineer, architect, chartered appraiser, professional technologist, or CPA).
To comply with Bill 16, you must engage a member of a recognized professional order.
Find a professional →Annual contribution is below 5% of operating budget
Recommended monthly contribution
$5,140
Total (all units)
Per-unit contribution
$857
Average per unit
Gap vs. current contribution
+$4,940 / mo
The fund goes into deficit in 2027 at current contributions.
Total projected expenditures
$554,521
Minimum projected balance
-$586,058
Year-by-year projection based on your parameters. Red rows indicate a deficit.
| Year | Start Balance | Contributions | Returns | Expenditures | End Balance |
|---|---|---|---|---|---|
| 2026 | $25,000 | $2,400 | $500 | - | $27,900 |
| 2027 | $27,900 | $2,472 | $558 | ($152,440) | -$121,510 |
| 2028 | -$121,510 | $2,546 | -$2,430 | ($47,741) | -$169,135 |
| 2029 | -$169,135 | $2,623 | -$3,383 | - | -$169,895 |
| 2030 | -$169,895 | $2,701 | -$3,398 | ($56,275) | -$226,867 |
| 2031 | -$226,867 | $2,782 | -$4,537 | ($11,593) | -$240,215 |
| 2032 | -$240,215 | $2,866 | -$4,804 | - | -$242,154 |
| 2033 | -$242,154 | $2,952 | -$4,843 | - | -$244,045 |
| 2034 | -$244,045 | $3,040 | -$4,881 | - | -$245,886 |
| 2035 | -$245,886 | $3,131 | -$4,918 | ($65,238) | -$312,910 |
| 2036 | -$312,910 | $3,225 | -$6,258 | - | -$315,943 |
| 2037 | -$315,943 | $3,322 | -$6,319 | - | -$318,940 |
| 2038 | -$318,940 | $3,422 | -$6,379 | - | -$321,897 |
| 2039 | -$321,897 | $3,524 | -$6,438 | - | -$324,810 |
| 2040 | -$324,810 | $3,630 | -$6,496 | ($12,101) | -$339,777 |
| 2041 | -$339,777 | $3,739 | -$6,796 | - | -$342,833 |
| 2042 | -$342,833 | $3,851 | -$6,857 | - | -$345,838 |
| 2043 | -$345,838 | $3,967 | -$6,917 | - | -$348,788 |
| 2044 | -$348,788 | $4,086 | -$6,976 | ($17,024) | -$368,702 |
| 2045 | -$368,702 | $4,208 | -$7,374 | ($70,141) | -$442,009 |
| 2046 | -$442,009 | $4,335 | -$8,840 | - | -$446,515 |
| 2047 | -$446,515 | $4,465 | -$8,930 | - | -$450,981 |
| 2048 | -$450,981 | $4,599 | -$9,020 | - | -$455,402 |
| 2049 | -$455,402 | $4,737 | -$9,108 | - | -$459,773 |
| 2050 | -$459,773 | $4,879 | -$9,195 | ($121,968) | -$586,058 |
| Unit # | Fraction | Operating Expenses | Contingency Fund | Total Condo Fee | Recommended Reserve | Difference |
|---|---|---|---|---|---|---|
| Unit 101 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
| Unit 102 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
| Unit 103 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
| Unit 104 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
| Unit 105 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
| Unit 106 | 1.00 | $833.33 | $33.33 | $866.67 | $856.67 | +$823.33 |
Get a detailed PDF report with all projections, component inventory, and recommendations.
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Quebec condo syndicates trust this tool to plan their contingency fund.
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The health score (0-100) is the key indicator. A score of 75 or above means your fund can cover projected expenditures without a deficit. Between 50 and 74, attention is needed: your contributions may be insufficient in the long run. Below 50, underfunding is significant and adjustments are urgent. The recommended monthly contribution is the minimum amount to maintain a positive balance throughout the projection period. The gap with your current contribution shows how much to adjust. The cash flow table shows year-by-year evolution, with replacement years highlighted. The component timeline identifies the most urgent replacements.
If your health score is below 75, consider gradually increasing your monthly contributions. Prioritize urgent replacements (components in red). Obtain recent quotes for upcoming work and update the costs in the calculator. Finally, engage a professional for your contingency fund study before the 2028 deadline. CondoAide can help you track all of this automatically.
This calculator uses the cash flow method, commonly used in the industry. For each year of the projection, it adds contributions and returns, then subtracts replacement expenditures (adjusted for inflation). The recommended contribution is calculated via binary search: it is the minimum amount that keeps the fund balance positive throughout the period. Each component's condition adjusts its remaining useful life using recognized condition factors. Results are estimates and do not replace a professional study.
CondoAide is a management and information tool. It does not provide professional advice within the meaning of the Engineers Act, the Professional Code, or any other applicable legislation. Consult a qualified professional for any decision regarding your condominium.