Office of the Superintendent of Financial Institutions
This letter informs you of changes made to the Administrative Procedures for Late and Erroneous Filing Penalty (LEFP) Framework effective for fiscal year end 2023.
Several insurance returns have recently been added under Appendices II, III and IV, applicable for Life insurance companies, insurance holding companies, non-operating life companies, fraternal benefit societies, Property & Casualty (P&C) Insurance Companies and Federal Regulated Mortgage Insurers. The following returns are now subject to the LEFP framework:
revised LEFP administrative procedures have now been posted and can be viewed on OSFI’s website. The Life, P&C and MI reporting requirements have also been updated accordingly.
If you need additional information, please contact your company's Lead Supervisor at OSFI. If you have any questions about completing or filing the financial returns, please call Returns Administration at (613) 991-0609 or email at