News & Updates
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OSFI publishes November InfoPensions with key compliance reminders
January 06, 2026
Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) has released the latest edition of its semi-annual newsletter, InfoPensions, providing announcements and reminders on matters relevant to federally regulated pension plans (“FRPPs”).
Key updates include:
- Late contributions and communications with plan custodians: Under the Pension Benefits Standards Act, 1985 (the “PBSA”), plan administrators must inform their trustee or custodian in writing of all amounts to be remitted to the pension fund through contribution planners. If a payment is not remitted within 30 days after it was due, both the plan administrator and custodian must notify the Superintendent. OSFI noted that keeping contribution planners current can help avoid non-remittance notices (for example, when there is a material decrease in plan membership resulting in less money being remitted into the pension fund than expected).
- Basic rate for assessment of pension plans: The basic rate will remain at $12 for assessments invoiced for plan years ending between October 1, 2025, and September 30, 2026. The basic rate applies to all pension plans registered under the PBSA and the Pooled Registered Pension Plans Act.
- OSFI Guideline E-23 – Model Risk Management: FRPPs have been excluded from the scope of application of the final guideline published on September 11, 2025. Plan administrators should continue to follow the CAPSA Guideline No. 10 - Risk Management for Plan Administrators. Further information on Guideline No. 10 can be found .
- Maximum discount rate: The maximum going concern discount rate of 6.75% remains unchanged for actuarial reports with valuation dates on or after December 31, 2025.
- Key deadlines for filings and statements: OSFI provided a reminder on regulatory filings and important dates, including that annual filings and plan amendments must be filed using OSFI’s Regulatory Reporting System.
- Pension Plans Survey: As part of OSFI’s ongoing commitment to respond to stakeholder input and continually improve performance, OSFI periodically consults with plan administrators and other stakeholders. A survey of administrators of large FRPPs (assets of $500 million or more) launched on November 17, 2025, and closed on December 12, 2025. Results will be available in summer 2026.
- Search tool for FRPPs: The search tool for FRPPs has moved to the Open Government portal for improved data accessibility.
Click on ‘More information’ below to read the full newsletter:
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