Office of the Superintendent of Financial Institutions Canada
Results and programs. GC InfoBase reports 11 programs of this department, in its Departmental Plans or its actual spending; 0 are current (in the latest plan or, for a program in no plan, with actual spending in the latest year).
- Actual spending, 2024-25
- $313M
- Planned, 2025-26 (latest plan)
- $351M
- Core responsibilities with indicators
- 2
Spending and employees
Totals of the department's programs: actual spending where reported, then the latest plan.
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2010-11 | — | $15.7M |
| 2011-12 | — | -$12.6M |
| 2012-13 | — | -$313K |
| 2013-14 | — | $17M |
| 2014-15 | — | $146M |
| 2015-16 | — | $144M |
| 2016-17 | — | $148M |
| 2017-18 | — | $155M |
| 2018-19 | — | $168M |
| 2019-20 | — | $194M |
| 2020-21 | — | $200M |
| 2021-22 | — | $208M |
| 2022-23 | — | $240M |
| 2023-24 | — | $311M |
| 2024-25 | — | $313M |
| 2025-26 | $351M* | — |
| 2026-27 | $400M* | — |
| 2027-28 | $359M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2011-12 | — | 593 |
| 2012-13 | — | 636 |
| 2013-14 | — | 666 |
| 2014-15 | — | 687 |
| 2015-16 | — | 666 |
| 2016-17 | — | 672 |
| 2017-18 | — | 695 |
| 2018-19 | — | 741 |
| 2019-20 | — | 793 |
| 2020-21 | — | 867 |
| 2021-22 | — | 920 |
| 2022-23 | — | 1,024 |
| 2023-24 | — | 1,315 |
| 2024-25 | — | 1,278 |
| 2025-26 | 1,303* | — |
| 2026-27 | 1,345* | — |
| 2027-28 | 1,295* | — |
Results at a glance
How many indicators met their target each year, as reported in the Departmental Results Reports. Source: GC InfoBase.
Core responsibility indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2018-19 | 5 | 1 | 0 | 1 | 83% |
| 2019-20 | 6 | 0 | 0 | 1 | 100% |
| 2020-21 | 5 | 0 | 1 | 1 | 100% |
| 2021-22 | 4 | 0 | 2 | 1 | 100% |
| 2022-23 | 2 | 2 | 1 | 2 | 50% |
| 2023-24 | 2 | 2 | 3 | 0 | 50% |
| 2024-25 | 2 | 1 | 3 | 1 | 67% |
Program indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2018-19 | 12 | 3 | 0 | 2 | 80% |
| 2019-20 | 14 | 2 | 0 | 1 | 88% |
| 2020-21 | 12 | 3 | 1 | 1 | 80% |
| 2021-22 | 8 | 0 | 8 | 1 | 100% |
| 2022-23 | 7 | 2 | 1 | 7 | 78% |
| 2023-24 | 9 | 5 | 3 | 0 | 64% |
| 2024-25 | 7 | 1 | 3 | 6 | 88% |
Results by core responsibility
Financial Institution and Pension Plan Regulation and Supervision (5 indicators)
Historical: targets against results
% of financial institutions with a Composite Risk Rating of low or moderate.
2024-25Target: ≥ 80% (2025)Result: —No result reported
Number of financial institutions for which the supervisory rating (i.e. risk level) has increased by two or more levels within a three month period.
2024-25Target: ≤ 1 (2025)Result: 3Not met
Number of pension plans for which the supervisory rating (i.e. risk level) has increased by two or more levels within a three month period.
2024-25Target: ≤ 1 (2025)Result: 0Met
The Office of the Superintendent of Financial Institutions’ level of compliance with Basel standards as assessed by the Regulatory Consistency Assessment Programme of the Bank for International Settlements.
2024-25Target: ≥ 90% (2025)Result: —No result reported
The Office of the Superintendent of Financial Institutions’ level of compliance with the International Monetary Fund’s Financial Sector Assessment Program core principles
2023-24Target: 100% – 100% (2024)Result: —No result reported
Current: the 2026-27 plan's targets
No indicators in the 2026-27 plan.
Future goals: targets due after 2026-27
No targets with a later due date.
Actuarial Services (2 indicators)
Historical: targets against results
% of members of a panel of Canadian peer actuaries that deem the Canada Pension Plan actuarial valuation accurate and of high quality.
2024-25Target: 100% – 100% (2025)Result: —No result reported
% of public pension and insurance plan valuations that are deemed accurate and high quality.
2024-25Target: 100% – 100% (2025)Result: 100%Met
Current: the 2026-27 plan's targets
No indicators in the 2026-27 plan.
Future goals: targets due after 2026-27
No targets with a later due date.
Programs
| Program | Core responsibility | Status | Latest plan, first year | Last actual | Indicators |
|---|---|---|---|---|---|
| Risk Assessment and Intervention - Federally Regulated Financial Institutions · BVN01 | Financial Institution and Pension Plan Regulation and Supervision | Appeared and later dropped | $151M 2025-26 | $125M 2024-25 | 3 |
| Internal Services · ISS00 | — | Appeared and later dropped | $142M 2025-26 | $130M 2024-25 | 0 |
| Regulation and Supervision of Federally Regulated Financial Institutions · AIH00 | A safe and sound Canadian financial system. | Not in a Departmental Plan | — | $80.9M 2017-18 | 0 |
| Internal Services · ISC00 | Internal Services | Not in a Departmental Plan | — | $63.8M 2017-18 | 0 |
| Regulation and Guidance of Federally Regulated Financial Institutions · BVN02 | Financial Institution and Pension Plan Regulation and Supervision | Appeared and later dropped | $34.1M 2025-26 | $33.4M 2024-25 | 3 |
| Actuarial Valuation and Advice · BVO01 | Actuarial Services | Appeared and later dropped | $14M 2025-26 | $12.5M 2024-25 | 6 |
| Actuarial Valuation and Advisory Services · AIG00 | A financially sound and sustainable Canadian public retirement income system. | Not in a Departmental Plan | — | $5.7M 2017-18 | 0 |
| Federally Regulated Private Pension Plans · BVN04 | Financial Institution and Pension Plan Regulation and Supervision | Appeared and later dropped | $5.6M 2025-26 | $6.2M 2024-25 | 3 |
| Regulatory Approvals and Legislative Precedents · BVN03 | Financial Institution and Pension Plan Regulation and Supervision | Appeared and later dropped | $4.7M 2025-26 | $5.4M 2024-25 | 2 |
| Regulation and Supervision of Federally Regulated Private Pension Plans · AII00 | A safe and sound Canadian financial system. | Not in a Departmental Plan | — | $4.6M 2017-18 | 0 |
| International Assistance · AIF00 | A safe and sound Canadian financial system. | Not in a Departmental Plan | — | -$132K 2010-11 | 0 |
