10/07/2026
Ontario calls it a reserve fund study. BC calls it a depreciation report. Both land on the 2027 budget.
In Ontario, for most corporations, a funding plan built on a study completed this fiscal year must bring the reserve fund to an adequate level by the end of the following fiscal year. In BC, stratas wholly outside Metro Vancouver, the Fraser Valley, and the Capital Regional District without a report since the end of 2020 need one before July 1, 2027.
Our new guide covers what each law requires, the records providers have to review, and the funding decisions boards and councils should make before budget season.
https://hubs.ly/Q04zj2h90