Individual registered saving plans (RSP);Canada (v52463031); from Cube 36100576: Pension satellite account, pension assets at market value, by type of plan

Series Attributes:

Unit and Multiplier:

Dollars, Millions

Frequency:

Annual

Valuation Type:

Fair value
Fair value is a market-equivalent value. It is defined as the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. It thus represents an estimate of what could be obtained if the creditor had sold the financial claim. (SNA, 2008)

Principal Data Sources:

Quarterly Survey of Financial Statements (QSFS), Statistics Canada

Survey of Financial Security (SFS), Statistics Canada

Methods:

Equality:

A time series is estimated by equality when it is set equal to a source data time series.

Additional Information:

Deposits in RRSP accounts include assets held in RRSP accounts with chartered banks, credit unions, trust and mortgage loan companies as well as assets held in deposit-type RRSP accounts with life insurance companies.

Estimates of assets held in RRSP accounts with banks, credit unions and trust and mortgage loan companies are obtained from the Quarterly Survey of Financial Statements survey.

Assets held in deposit-type products with life insurance companies are held in general funds (capital guaranteed). Estimates for these assets are obtained from the CLHIA data published in Annuity Business in Canada.

Individual RSPs that are not classified as either deposit-type RRSP accounts or mutual and segregated fund RRSP accounts combine to form the other individual RSP category. A relative lack of data precludes the derivation of good-quality estimates for this category at a higher level of detail.

Asset estimates for LIF and RRIF are available from Ipsos-Reid in the Canadian Financial Monitor data starting with 1999. For the period 1990 to 1998, the estimates were derived based on CLHIALIF and RRIF asset estimates which cover, however, only the portion of RRIFs and LIFs administered by life insurance companies. Under the assumption that CLHIA growth rates are representative for the entire RRIF and LIF universe, these growth rates were used to project back the 1999 Ipsos-Reid total asset estimate.

Asset estimates for individual registered payout annuities purchased from life insurance companies are available from CLHIA in its Annuity Business in Canada.