International Financial Reporting Standard 17 (IFRS 17) will be effective in Canada for fiscal years beginning on or after January 1, 2023.
In preparation for this new standard, the CIA has reviewed the final version of the International Actuarial Note 100 (IAN 100) by the International Actuarial Association (IAA), and has decided to adopt it as a CIA educational note.
This educational note addresses each of the main topics of IFRS 17 and offers practical examples of ways in which actuaries might implement the Standard. It is supplemented by Canadian-specific guidance that has been, or is in process of, being developed by various CIA practice committees. Additional information about the IFRS 17 related activities of these committees can be found on the CIA IFRS 17 blog (login required).