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 Insurance Supervisors.
With an ending capital position of $228 million, Tarion is able to financially stand by warranty claims with confidence.
Procurement & Expense Policies
Tarion 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.