Consumers can have confidence in Tarion's strong, stable financial position.
At the end of fiscal 2015, Tarion's Guarantee Fund of liquid and marketable
securities stood at $494 million as a result of prudent investment strategies,
expense, and claims management.
Tarion's balance sheet performed extremely well against the annual stress
test of large, catastrophic losses conducted under the standards of the Canadian
Institute of Actuaries.
In addition, Tarion voluntarily applies the Minimum Capital Test Standards of
the Office of the Superintendent of Financial Institutions (OSFI). OSFI is
Canada's regulator of financial institutions and formulates sound practice
standards in collaboration with international bodies like the Financial
Stability Board (an initiative of the G-20) and the International Association of
With an ending capital position of $228 million, Tarion is able to
financially stand by warranty claims with confidence.
is committed to transparency and accountability in all aspects of its
operations. As part of that ongoing commitment, we have made our
procurement and expense policies available below.
Board Remuneration Policy
Travel and Expense Reimbursement Policy