Publication archives

IFRS 17 Discount Rates for Life and Health Insurance Contracts – Erratum

Corrections have been made to the version of this educational note published on December 13, 2023. The December 13, 2023 version included an unintended change to the guidance regarding the selection of an interpolation technique when developing reference curves in […]

Considerations in the Determination of the Actuarial Liabilities of Canadian Charitable Gift Annuities

This educational note pertains to the valuation of gift annuities issued by Canadian charities, to establish an appropriate range of practice in the valuation of these gift annuities, taking into account recent changes in actuarial practice for the life insurance […]

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

This document presents the standards of practice for all areas of practice.

Part 4000 – CIA Practice-Specific Standards for Actuarial Evidence (redlined version)

These final standards (redlined) 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. The bill on this change received Royal Assent on June 22, […]

Part 4000 – CIA Practice-Specific Standards for Actuarial Evidence – Memorandum

This memorandum introduces the revisions to Section 4600 of the Standards of Practice.

Part 4000 – CIA Practice-Specific Standards for Actuarial Evidence

These final standards 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. The bill on this change received Royal Assent on June 22, 2023, […]

Mortality Improvements Research – Educational Note Supplement

This educational note supplement provides members in the pension area of practice with commentary on the research report, Mortality Improvements Research: Report to the Canadian Institute of Actuaries’ Project Oversight Group, published by the Canadian Institute of Actuaries (CIA) on […]

Guidance on Events Occurring After the Calculation Date of an Actuarial Opinion for a Pension Plan

This updated educational note is intended to assist pension actuaries in valuing and reporting on events that occur after the calculation date, when the actuary has determined that the event makes the entity different.

Guidance for the 2024 Reporting of Capital, Financial Condition Testing, and Own Risk and Solvency Assessment for Life and Health, P&C and Mortgage Insurers

The Committee on Risk Management and Capital Requirements has prepared this educational note to provide guidance to actuaries in several areas affecting the reporting of the 2024 regulatory capital requirements, financial condition testing (FCT) and own risk and solvency assessment […]

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

The Committee on Pension Plan Financial Reporting has conducted its quarter-end review of group annuity pricing conditions as at March 31, 2024, and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with […]