Charge for Impairment (C1)
Information
Charge for Impairment Report
Purpose
The purpose of this return is to provide the Superintendent of Financial Institutions with information on the amount of charges for impairment by major asset categories made during the fiscal year.
Statutory
Sections 628 and 600 of the Bank Act and Section 495 of the Trust and Loan Companies Act.
Application
This return applies to all institutions.
Publication
Information from this return is not published.
Frequency
Institutions with fiscal year-ends of October - Annually - October
Institutions with fiscal year-ends of December - Annually - December
Contact person
Provide name and phone number of person to contact regarding any questions about this return.
Reporting dates
The return is to be completed as of the last day of the year and submitted within 45 days of the reporting date as follows:
Institutions with fiscal year-ends of October - October
Institutions with fiscal year-ends of December - December
Contact agency
OSFI.
General instructions
The asset references in this report are consistent with the "Monthly Balance Sheet" unless stated otherwise.
The detail reporting is only for the individual Highlighted text*(stage 3)* allowances. Collective Highlighted text*(stages 1 and 2)* allowances are reported as a single line item.
The reporting of individual allowances for non-mortgage loans to individuals and others for business purposes (line 3(e)) follows the 1980 Statistics Canada Standard Industrial Classification (SIC) to identify the borrowers.
The report requires a resident and non-resident split.
Non-residents are individuals, corporations or other organizations (including international and other extra-territorial agencies) not ordinarily resident in Canada. Residential status is to be determined by reference to the recorded address of the individual, corporation or other organization, unless the institution knows that the residential status is different from the recorded address.
The report must reconcile to the sum of the charge for impairment on the quarterly allowance for Highlighted text*continuity* report.
All amounts are to be expressed in thousands of dollars.
1. Deposits with Regulated Financial Institutions
Report individual allowances relating to Asset 1(b).
2. Securities
Report individual allowances relating to Asset 2(b).
3. Non-Mortgage Loans
(a) Financial Institutions
(b) Foreign Governments
(c) Lease Receivables
Report individual allowances relating to Asset 3(a)(ii), (iv) and (v).
(d) Individuals for Non-Business Purposes
Report individual allowance for credit card loans and personal loans separately. Total of the two lines related to Asset 3(a)(vi).
(e) Individuals and Others for Business Purposes
Report individual allowances for every line. The total of all lines relate to Asset 3(a)(viii). The lines (i) and (ii)(A) to (L) are consistent with those on the Non-Mortgage Loans Return.
(f) Reverse Repurchase Agreements
Report individual allowances relating to Asset 3(a)(vii).
4. Mortgage Loans
(a) Residential
(i) Amortizing/traditional
(ii) Reverse mortgages
(b) Non-Residential
Report individual allowances related to Asset 3(b)(i) and (ii).
5. Other Recognized Assets
Report individual allowances relating to Assets included in Assets 4 and 6.
6. Unrecognized Assets
Report individual allowances relating to all unrecognized assets.
The remaining are self-explanatory and therefore no detailed instructions are provided.