Reserve Funds
April 1, 2015 Published by CCI National - By CCI National
Legislative Summary of Reserve Funds on a Provincial Basis
Legislative Summary of Reserve Funds on a Provincial Basis
This paper is a brief compilation of legislation and related information across Canada on capital asset funding for condominiums, which is also known as reserve fund funding, as it is known in most parts of the country.
The intention of the paper is to outline the general nature of the legislative requirements in each province and territory, as they relate to planning for funding in respect of major capital assets.
We hope that it is of assistance to readers and facilitates discussion on various aspects of reserve funds, including the need for the same, their effectiveness, the challenges of funding “correctly” and the impact of changing economic and demographic realities.
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This is solely a curation of materials. Not all of this information is created, provided or vetted by CCI. Some of the information is only applicable to certain provinces. CCI does not make any warranties about the reliability or accuracy of any information found in the materials on this website. The information is not updated to reflect changes in legislation or case law and therefore may not always be current and up-to-date. We suggest you seek professional advice with respect to your specific issues or regarding any questions that arise out of the material. We will not be liable for any losses or damages in connection with the use of any of the material found on the website.
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