Remittance of Pension Plan Assessments to OSFI

OSFI has issued an updated pension plan assessment remittance form, for plans registered or plans filed for registration under the Pension Benefits Standards Act, 1985 (PBSA), to assist plan administrators in the calculation and remittance of their annual pension assessment that is due to be paid between April 1, 2019 and March 31, 2020. Please note that the basic rate has changed.

As communicated in August 2018, OSFI is moving ahead with proposed amendments to the Assessment of Pension Plans Regulations. At this time, the proposed amendments are not in effect and therefore there are no changes. OSFI will keep plan administrators informed of any process-related changes.