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Publication archives

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective December 31, 2023, and Applicable to Valuations with Effective Dates on or after December 31, 2023, and no later than June 29, 2024 – Explanatory Report

This explanatory report provides members with additional information and details on the analysis done for the guidance outlined in the educational note supplement dated January 22, 2024.

Revisions to Section 4600 of the Practice-specific Standards for Actuarial Evidence – Calculation of Criminal Rate of Interest – Exposure Draft

This exposure draft outlines the proposed changes to Section 4600 of the standards due to a change to the definition of “criminal rate” in Section 347 of the Criminal Code.

Guidance on Asset Valuation Methods

This educational note is intended to assist actuaries in the selection of an appropriate asset valuation method in conjunction with the reporting of a pension plan’s financial position, the determination of a pension plan’s funding requirements and providing advice on […]

Regulatory Capital Filing Certification for Life Insurers

This educational note regarding the certification of regulatory capital filings in Canada references the Standards of Practice and other guidance on the appropriateness of internal models used to determine required capital for segregated fund guarantees, and accounts for the Life […]

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective December 31, 2023, and Applicable to Valuations with Effective Dates on or after December 31, 2023, and no later than June 29, 2024 – Educational Note Supplement

The Pension Plan Financial Reporting Committee has conducted its quarter-end review of group annuity pricing conditions as at December 31, 2023, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with effective […]

Revisions to Section 4600 of the Practice-specific Standards for Actuarial Evidence – Calculation of Criminal Rate of Interest – Notice of Intent

The Actuarial Standards Board has established a Designated Group to revise Section 4600 of the Standards of Practice to address a change to the definition of “criminal rate” in Section 347 of the Criminal Code (Part 4, Division 34).

Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective September 30, 2023, and Applicable to Valuations with Effective Dates on or after September 30, 2023, and no later than June 29, 2024 – Explanatory Report

This explanatory report provides members with additional information and details on the analysis done for the guidance outlined in the educational note supplement dated October 24, 2023.

Reflecting Increasing Maximum Pensions Under the Income Tax Act in Solvency, Hypothetical Wind-up and Wind-up Valuations

This updated educational note is intended to provide guidance to actuaries with respect to reflecting increasing defined benefit maximum pension limits under the Income Tax Act in solvency, hypothetical wind-up and wind-up valuations.

IFRS 17 Discount Rates for Life and Health Insurance Contracts

The Committee on Life Insurance Financial Reporting (CLIFR) has prepared this educational note to provide guidance related to setting the discount rates for the purpose of calculating the present value of estimates of future cash flows under IFRS 17. This […]

Complete CIA Standards of Practice (Effective February 1, 2024)

Effective February 1, 2024. Early adoption is permitted.