Estimate your contributions to better prepare for your professional study.
Quick Answer: Quebec's Bill 16 requires that contributions to the contingency fund be set based on a contingency fund study projected over at least 25 years, under article 1071 of the Civil Code and the regulation adopted under decree 991-2025. Use the calculator below to estimate an indicative capitalization trajectory for your syndicate before commissioning the professional study.
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. The regulation adopted by decree 991-2025 has been in force since August 14, 2025, so the obligation already applies. Every syndicate must have obtained a contingency fund study conducted by an authorized professional (OIQ, OAQ, OTPQ, OEAQ, or CPA) by August 15, 2028 (Bill 16, s. 151), then obtain a new one at least every 5 years (Decree 991-2025, art. 8). Contributions to the fund are set based on the study's recommendations. Until the board sets those sums from a first study, contributions to the contingency fund must be at least 5% of the co-owners' contributions to the common expenses (Bill 16, s. 153, para. 2); during the promoter phase, article 1071 of the Civil Code instead sets a floor of 0.5 % of the building's reconstruction value. Bill 16 also requires a maintenance logbook detailing the condition of common portions. Our calculator helps you estimate an indicative capitalization trajectory and prepare the mandate of the professional study.
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.