British Columbia · Strata Property Act
Enter the operating fund budget and what you're planning to put into the contingency reserve fund. We'll check it against the statutory floor — and clear up a real disagreement between sources on whether a large CRF balance changes that floor.
Minimum CRF contribution required
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✓ Verified August 27, 2026 · Strata Property Act s. 93
Sources checked automatically every Monday. Last check October 5, 2026, no change found. See the record
No. We read Strata Property Regulation s. 6.1 directly — the current text sets a flat 10% floor every year, with no exception for a large existing balance.
You may see this stated differently elsewhere. One description has the 10% floor easing once the CRF reaches 25% of the budget and becoming fully discretionary after that; another says it waives entirely once the CRF equals the previous year's operating budget. Neither is what the regulation currently says — both sections here were rewritten by B.C. Reg. 7/2023, which is almost certainly why: the older, tiered description likely describes the rule before that 2023 rewrite, and we could find no textual basis at all for a 100%-balance waiver in the current regulation.
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Section 92 of the Strata Property Act requires every strata corporation to run two funds: an operating fund for expenses that recur at least yearly, and a contingency reserve fund for expenses that recur less often or not at all. Section 93 sets who decides the CRF amount, and where the floor actually lives:
"Subject to the requirements set out in the regulations, the strata corporation must determine the amount of the annual contribution to the contingency reserve fund."
That's the same pattern as the depreciation-report dates elsewhere on this site: the Act creates the obligation, the Strata Property Regulation supplies the number.
Two regulation sections cover it, both rewritten by the same 2023 amendment:
"For the purposes of section 93 of the Act, the amount of the annual contribution to the contingency reserve fund for the fiscal year following the first annual general meeting must be at least 10% of the total amount budgeted for the contribution to the operating fund for the 12-month period covered by that budget." — Reg. 3.4
"...the amount of the annual contribution to the contingency reserve fund for a fiscal year, other than the fiscal year following the first annual general meeting, must be determined after consideration of the most recent depreciation report, if any... The amount of the annual contribution must be at least 10% of the total amount budgeted for the contribution to the operating fund for the current fiscal year." — Reg. 6.1
The number is identical either way — 10% of the operating fund budget. What differs is process, not amount: from the second year on, the board must have considered the most recent depreciation report (if the strata has one) when setting that figure. Reg. 6.1 doesn't say what "consideration" has to look like, and this tool can't check whether it happened — only whether the dollar amount clears the floor.
This is the question this tool exists to settle. We read Strata Property Regulation s. 6.1 directly, in full, rather than relying on summaries — and found no balance-based exception anywhere in it. The 10% figure in subsection (2) applies without qualification. No mention of 25%, no mention of 100%, no waiver clause.
Two different claims circulate. An older description has the 10% floor easing once the CRF reaches 25% of the annual budget, becoming fully discretionary from there, with a 3/4 vote required to draw the fund down from above 100%. A newer one says the minimum "waives entirely" once the CRF balance equals or exceeds the previous year's operating budget. Both sections we quoted above carry the enactment note [en. B.C. Reg. 7/2023] — the same 2023 reform. The tiered description is very likely accurate for the regulation as it stood before that rewrite; the flat-waiver claim, we could not source anywhere in the current text. Current law, read directly, is the flat 10% figure with no balance-based exception.