Publication archives

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.

Part 1000 of the CIA Standards of Practice – General (Effective February 1, 2024)

Early implementation is permitted. Effective February 1, 2024.

Part 6000 of the CIA Standards of Practice – Practice-Specific Standards for Non-Pension Employee Future Benefit Plans (Effective February 1, 2024)

Early implementation is permitted. Effective February 1, 2024.

Review of Part 6000 of the CIA Standards of Practice – Practice-Specific Standards for Non-Pension Employee Future Benefit Plans (redlined)

Early implementation is permitted. Effective February 1, 2024.

Review of Part 6000 of the CIA Standards of Practice – Practice-Specific Standards for Non-Pension Employee Future Benefit Plans

Early implementation is permitted. Effective February 1, 2024.

Review of Part 6000 of the CIA Standards of Practice – Practice-Specific Standards for Non-Pension Employee Future Benefit Plans – Memo

The attached final Standards of Practice – Practice-Specific Standards for Non-Pension Employee FutureBenefit Plans (Part 6000, hereinafter “the SOP”) were approved by the Actuarial Standard Board (ASB)on November 27, 2023.