Gender-based Analysis Plus for the 2025-2026 Departmental Plan
Introduction
In 2018, Parliament passed the Canadian Gender Budgeting Act. The Departmental Plans and Departmental Results Reports are being used to fulfill the President of the Treasury Board’s obligations to make public, every year, analysis on the impacts of expenditure programs on gender and diversity.
Each department is responsible for conducting their own Gender-based Analysis Plus (GBA Plus).
The Policy on Results indicates that Program officials, as designated by Deputy Heads, are responsible for ensuring data collection for meeting policy requirements.
Applicability
All organizations must complete GBA Plus supplementary information tables in departmental plans and departmental results reports on an annual basis.
Section 1: Institutional GBA Plus governance and capacity
Governance
The Office of the Superintendent for Financial Institutions (OSFI) is a prudential financial regulator, focused on financial stability and on the solvency, liquidity, and safety and soundness of federally regulated financial institutions (FRFIs) and private pension plans (FRPPs).
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities in Canada, which include all banks, federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans. There are over 400 FRFIs and approximately 1,200 FRPPs regulated by OSFI. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector, which are the responsibility of other federal and/or provincial agencies. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from entities it regulates. Although OSFI does not develop or manage individual programs specifically targeted to individuals or groups, the entities we regulate provide services and benefits to all Canadians.
Diversity, equity, and inclusion are core values OSFI upholds with resources dedicated to implementing various diversity, equity, inclusion and accessibility initiatives across the organization. For the 2025-26 reporting period, we continue to implement a corporate Diversity, Equity and Inclusion (DEI) Strategy and Action Plan. We will continue to promote GBA Plus training across the organization. In the coming years, we aim to complete a needs assessment to initiate the development of a framework, including tools, to support GBA Plus.
Capacity
OSFI is one of the agencies under the Finance Canada portfolio. In the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
In its regulatory and supervisory role, OSFI’s primary interactions are with FRFIs and FRPPs and the scope of regulation does not include consumer or consumer-related issues or the securities sector. Given its mandate, OSFI does not collect individual recipient microdata information nor provide direct services or benefits to individuals or targeted groups.
Human resources (full-time equivalents) dedicated to GBA Plus
For the 2025-26 fiscal year, OSFI will have the 0.25 FTE dedicated to working on GBA Plus initiatives, including the promotion of training, the completion of a needs assessment to initiate the development of a framework to support GBA Plus.
Section 2: Gender and diversity impacts, by program
Core responsibility: Financial Institution and Pension Plan Regulation and Supervision
Program name: Federally Regulated Private Pension Plans
Program goals: OSFI does not provide direct services or benefits to individuals or targeted groups, therefore no individual microdata information is collected. As such, quantifying the distribution of benefits by gender, income level, or age group is not applicable to OSFI’s role or context. No program indicators currently identify impacts on these sub-populations.
Program name: Regulation and Guidance of Federally Regulated Financial Institutions
Program goals: OSFI does not provide direct services or benefits to individuals or targeted groups therefore no individual microdata information is collected. As such, quantifying the distribution of benefits by gender, income level, or age group is not applicable to OSFI’s role or context. No program indicators currently identify impacts on these sub-populations.
Program name: Regulatory Approvals and Legislative Precedents
Program goals: OSFI does not provide direct services or benefits to individuals or targeted groups therefore no individual microdata information is collected. As such, quantifying the distribution of benefits by gender, income level, or age group is not applicable to OSFI’s role or context. No program indicators currently identify impacts on these sub-populations.
Program name: Risk Assessment and Intervention – Federally Regulated Financial Institutions
Program goals: OSFI does not provide direct services or benefits to individuals or targeted groups therefore no individual microdata information is collected. As such, quantifying the distribution of benefits by gender, income level, or age group is not applicable to OSFI’s role or context. No program indicators currently identify impacts on these sub-populations.
Core responsibility: Actuarial Services to Federal Government Organizations
Program name: Actuarial Valuation and Advice
Program goals: Demographic trends are considered in actuarial analyses, and the Office of the Chief Actuary performs an enabling function to other government organizations through the provision of actuarial valuation and advisory services. It performs statutory actuarial valuations of various programs, including the Canada Pension Plan and Canada Student Financial Assistance Act. The GBA Plus impact and analysis for these programs are conducted by their administrators.
Core responsibility: Internal Services
Program name: Internal Services
Program goals: In 2025-26, the implementation of OSFI’s DEI Strategy and Action Plan includes the following activities to support GBA Plus:
- Conduct a review of human resources policies to determine alignment with diversity, equity, inclusion and accessibility objectives (ongoing).
- Implement actions identified in the 2023-2026 Accessibility Plan (ongoing). The first report of the Accessibility Plan was posted on December 31, 2023, as per the Accessible Canada Act.
- Collect self-identification data through an annual Self-ID campaign (ongoing). The campaign was updated in 2023 to include members of the 2SLGBTQIA+ community.
- Continue to promote GBA Plus training tools and resources available across the organization (ongoing).
- Perform a needs assessment to initiate the development of a framework, including tools, to support GBA Plus (not yet started).
GBA Plus data collection plan
Program name: Federally Regulated Private Pension Plans
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from them. OSFI operates under the Finance Canada portfolio and in the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
OSFI will continue to work internally on strengthening GBA by promoting GBA Plus training and work to develop a framework, including tools, to support GBA Plus to ensure internal programs and policies consider the impacts related to gender and diversity.
Program name: Regulatory Approvals and Legislative Precedents
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from them. OSFI operates under the Finance Canada portfolio and in the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
OSFI will continue to work internally on strengthening GBA by promoting GBA Plus training and work to develop a framework, including tools, to support GBA Plus to ensure internal programs and policies consider the impacts related to gender and diversity.
Program name: Regulation and Guidance of Federally Regulated Financial Institutions
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from them. OSFI operates under the Finance Canada portfolio and in the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
OSFI will continue to work internally on strengthening GBA by promoting GBA Plus training and work to develop a framework, including tools, to support GBA Plus to ensure internal programs and policies consider the impacts related to gender and diversity.
Program name: Risk Assessment and Intervention – Federally Regulated Financial Institutions
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from them. OSFI operates under the Finance Canada portfolio and in the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
OSFI will continue to work internally on strengthening GBA by promoting GBA Plus training and work to develop a framework, including tools, to support GBA Plus to ensure internal programs and policies consider the impacts related to gender and diversity.
Program name: Actuarial Valuation and Advice
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
In its regulatory and supervisory role, OSFI’s primary interactions are with federally regulated entities. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector. OSFI develops supervisory policy and guidelines for these regulated entities and does not collect individual microdata information from them. OSFI operates under the Finance portfolio and in the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI's role in this regard is typically a supporting role.
OSFI will continue to work internally on strengthening GBA by promoting GBA Plus training and work to develop a framework, including tools, to support GBA Plus to ensure internal programs and policies consider the impacts related to gender and diversity.
Program name: Internal Services
- Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA Plus)? No
-
If no, describe what actions (activities will be undertaken and the related timelines) are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.
OSFI collects self-identification data through an annual Self-ID campaign. OSFI’s campaign material was updated in 2023 to include members of the 2SLGBTQIA+ community and ensures that it is in complete alignment with the self-identification questionnaire of the TBS.
GBA Plus training will be offered and work initiated to develop a framework, including tools, to support GBA Plus when updating or developing internal programs and policies and ensure they consider the impacts related to gender and diversity.