Ontario
Ontario reserve fund notice requirements
The Notice of Future Funding of the Reserve Fund: when Ontario owners must receive it after a study, and what the notice carries.
Duty record
What this duty is
After a reserve fund study is received and the board has settled on a funding plan, owners get told what that plan is. That is the Notice of Future Funding of the Reserve Fund, and it is a separate duty from the study itself.
It is counted from the event rather than from the fiscal year, so a board that receives its study in an unusual month has an unusual notice date to match.
Owners who receive this notice are being told what their contributions will do over the coming years. It is the single clearest chance a board gets to explain an increase before it lands on a statement.
Authority
Who is responsible, and when it is due
The rules pack puts this on the Secretary.
Due 15 days after the date of the triggering event.
This duty counts from something only your corporation holds, so it has no worked example from a fiscal year end alone. Inside Board Butler it is dated from your own records.
The duty in this article is Condominium Act, 1998 s.94 and O. Reg. 48/01
Evidence
What has to exist afterwards
A duty is met when there is something to show for it. The rules pack requires a document on file, and proof that the notice actually reached owners.
Consequence
What happens if you miss it
Owners have not been notified of the plan and the plan cannot take effect.
The pack records no monetary penalty for this one, which does not make it cheap: the cost usually arrives later, through a purchaser, a lender or a tribunal.
Product record
How Board Butler handles it
Board Butler instantiates this obligation for your corporation from the same pack entry this article was built from, dates it from your own fiscal year end and your own records, puts it on the compliance calendar with the role responsible, and attaches the evidence as you produce it rather than asking you to file it afterwards.
Computed from rules pack CA-ON version 2026.3.
This page explains the rules in plain language and is not legal advice.
Get the whole year, not one duty
The statutory calendar tool computes your year from your fiscal year end, with the role responsible and the consequence beside each date.