Registered Plans Directorate Newsletter, no. 92-1 January 3, 1992

Bulletin: Actuarial Valuation Reports

We would like to advise you of new administrative requirements with respect to the content of Actuarial Valuation Reports. These conditions must be complied with in order for the Department to five approval for eligible contributions under subsection 147.2(2) of the Income Tax Act (the Act).

Specifically, where an actuary has determined that there is an actuarial surplus that exceeds the amount permitted to be disregarded pursuant to paragraph 147.2(2)(d) of the Act (excess surplus), it will be necessary for details to be provided as to the manner in which the excess surplus will be applied.

Where the surplus does not result in an excess surplus, we will require, as part of the Actuarial Certificate written certification from the actuary that an excess surplus does not exist.

Please note that this information should be included with Actuarial Valuation Reports submitted from this date.

Date modified:

2002-09-06