Contributions
- Since November 1, 2023, the Regulation requires a minimum annual CRF contribution of at least 10% of the total operating fund budget, every year, regardless of the fund's balance.
- Owners may approve higher contributions through the budget by majority vote; the depreciation report's funding models inform the figure.
- Developers of new strata corporations contribute a prescribed amount to the CRF at the outset, including toward the first depreciation report for corporations formed after July 1, 2027.
Spending from the CRF
| Purpose | Approval |
|---|---|
| Expenditure recommended in the most recent depreciation report | Majority vote, or council approval where the bylaws and the Act allow |
| Other expenditures not in the budget | Three-quarter vote at a general meeting |
| Emergency expenditures to prevent immediate loss or ensure safety | Council may proceed without a vote, then inform owners as soon as feasible |
| Insurance deductibles | Council may approve from the CRF or operating fund under s.98 |
Keeping it honest
The CRF must be accounted for separately from the operating fund, held in the strata's name, and invested only as the Regulation permits. The balance, contributions and expenditures must appear in the financial statement presented at the AGM and disclosed on every Form B.
AryaPM's fund accounting keeps the operating fund and CRF in separate funds within the general ledger, locks fiscal periods after the AGM, and ties the multi-year capital forecast to the depreciation report so the contribution debate at the AGM starts from the same numbers council used all year.
Frequently asked questions
Can we use the CRF to cover an operating shortfall?
Not as a matter of course. Operating shortfalls are addressed through the budget or a special levy; CRF spending must meet the Act's purposes and approvals.
Is there still a 25% cap on contributions?
The old rule that tied contributions to a percentage of operating expenses was replaced in 2023 by a straightforward 10% minimum every year.
Does a special levy go into the CRF?
A special levy is raised for a stated purpose and accounted for separately; surplus above the Regulation's threshold is returned to owners.
Last reviewed 2026-09-21. Product details describe AryaPM as it ships today; legislation summaries are general information, not legal advice.