Office of the Superintendent of Financial Institutions
Actuarial reports should be prepared in accordance with the federal pension legislation, directives, and accepted actuarial practice (i.e. to follow Canadian Institute of Actuaries (CIA) Standards of Practice and to consider their application as illustrated in CIA Guidance). The administrator of a pension plan with defined benefit provisions registered or having filed an application for registration under the
Pension Benefits Standards Act, 1985 (PBSA), or its agent, shall generally file an actuarial report as of the effective date of the plan and annually thereafter as at the plan year-end. A plan administrator will be permitted to file an actuarial report at other intervals or times if some conditions are met or as the Superintendent may direct, as provided in the
Directives of the Superintendent pursuant to the PBSA.