Guidance library

As the regulator for federally regulated financial institutions and private pension plans, we set expectations for operating within the Canadian financial industry. 

For guidance on private pension plans, please see Administering pension plans

Date Title Sector Publication type Category
Property and Casualty Large Insurance Exposures and Investment Concentration
  • Property and Casualty Companies
Guideline Prudential Limits and Restrictions
Sound Reinsurance Practices and Procedures – Guideline (2025)
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
Guideline Sound Business and Financial Practices
2024 Memorandum - Earthquake Exposure Data
  • Property and Casualty Companies
Letter
Consequential amendments to Guidelines B-10 and B-13 related to foreign branches
  • Banks
  • Foreign Bank Branches
  • Foreign Insurance Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Letter Sound Business and Financial Practices
Integrity and Security - Guideline
  • Banks
  • Cooperative Credit Associations
  • Foreign Bank Branches
  • Foreign Insurance Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Guideline Sound Business and Financial Practices
Integrity and Security - Letter
  • Banks
  • Cooperative Credit Associations
  • Foreign Bank Branches
  • Foreign Insurance Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Letter Sound Business and Financial Practices
Minimum Capital Test - Guideline (2024)
  • Property and Casualty Companies
Guideline Capital Adequacy Requirements
Mortgage Insurer Capital Adequacy Test - Guideline (2024)
  • Property and Casualty Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test - Guideline (2024)
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 1 Overview and General Requirements
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 2 Available Capital
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 3 Credit Risk – On-Balance Sheet Items
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 4 Credit Risk – Off-Balance Sheet Activities
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 5 Market Risk
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 6 Insurance Risk
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 7 Segregated Fund Guarantee Risk
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 8 Operational Risk
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 9 Participating and Adjustable Products
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 10 Credit for Reinsurance
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 11 Aggregation and Diversification of Risks
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (2024) – Chapter 12 Life Insurers Operating in Canada on a Branch Basis
  • Life Insurance and Fraternal Companies
Guideline Capital Adequacy Requirements
Minimum Capital Test 2024 – Adjustments and clarifications
  • Property and Casualty Companies
Adjustments and clarifications Capital Adequacy Requirements
OSFI maintains the level of the Domestic Stability Buffer at 3.50% - Letter (2023) Letter Capital Adequacy Requirements
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) - Guideline (2024)
  • Banks
  • Trust and Loan Companies
Guideline Accounting and Disclosure
Pillar 3 Disclosure Guideline for Small and Medium-Sized Deposit-Taking Institutions (SMSBs) - Guideline (2024)
  • Banks
  • Trust and Loan Companies
Guideline Accounting and Disclosure
"2023 Annual update" to the Manual of Reporting Forms and Instructions for Deposit-taking Institutions
  • Foreign Bank Branches
  • Trust and Loan Companies
Letter
OSFI consults on draft guideline for model risk management
  • Banks
  • Foreign Bank Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Letter Sound Business and Financial Practices
OSFI consults on disclosure of FRFIs' crypto-asset exposures
  • Banks
  • Foreign Bank Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Letter
Updates to the Administrative Procedures for Late and Erroneous Filing Penalty Framework
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
Letter Sound Business and Financial Practices
Final Amendments to Pillar 3 Disclosure Guidelines for Domestic Systemically Important Banks (D-SIBs) and Small and Medium-Sized Deposit Taking Institutions (SMSBs)
  • Banks
  • Trust and Loan Companies
Letter Accounting and Disclosure
Domestic Stability Buffer - Decision Summary Note Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) - Guideline (2024)
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 1 – Overview of Risk-based Capital Requirements
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 2 – Definition of Capital
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 3 – Operational Risk
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 4 – Credit Risk – Standardized Approach
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 5 – Credit Risk – Internal Ratings-Based Approach
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 6 – Securitization
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 7 – Settlement and Counterparty Risk
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 8 – Credit Valuation Adjustment (CVA) Risk
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
Capital Adequacy Requirements (CAR) (2024) - Chapter 9 – Market Risk
  • Banks
  • Trust and Loan Companies
Guideline Capital Adequacy Requirements
OSFI upholds current LAR guideline treatment for HISA ETFs
  • Banks
  • Foreign Bank Branches
  • Trust and Loan Companies
Letter
OSFI update on Canadian Dollar Offered Rate transition
  • Banks
  • Trust and Loan Companies
  • Foreign Bank Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
Letter
2024 Capital Adequacy Requirements (CAR) – Letter (2023)
  • Banks
  • Trust and Loan Companies
Letter Capital Adequacy Requirements
Life Insurance Capital Adequacy Test (LICAT) 2024 - Letter (2023)
  • Life Insurance and Fraternal Companies
Letter
2024 Minimum Capital Test (MCT) – Letter (2023)
  • Property and Casualty Companies
Letter
Mortgage Insurer Capital Adequacy Test (MICAT) 2024 – Letter (2023)
  • Property and Casualty Companies
Letter
OSFI’s response to Guideline B-20 initial consultation feedback on debt serviceability measures
  • Banks
  • Foreign Bank Branches
  • Trust and Loan Companies
  • Property and Casualty Companies
  • Life Insurance and Fraternal Companies
Consultation response Sound Business and Financial Practices
Standardized Climate Scenario Exercise – Draft for consultation
  • Banks
  • Foreign Bank Branches
  • Life Insurance and Fraternal Companies
  • Property and Casualty Companies
  • Trust and Loan Companies
Discussion paper
OSFI launches consultation on draft Guideline E-21, Operational Resilience and Operational Risk Management Letter Sound Business and Financial Practices