Consumers can have confidence in Tarion's strong, stable financial position.
At the end of fiscal 2021, Tarion's Guarantee Fund of liquid and marketable securities stood at $754 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 $297 million, Tarion is able to financially stand by warranty claims with confidence.