Quarterly Estimates of Trusteed Pension Funds (QTPF)

Liability of trusteed pension fund, value

Liability refers to one unit (the debtor) being obliged, under specific circumstances, to provide a payment or series of payments to another unit (the creditor). The most common circumstance in which a liability is established is a legally binding contract that specifies the terms and conditions of the payment(s) to be made and payment according to the contract is unconditional.

Trusteed pension funds refers to the assets of one or more registered pension plans: those held under a trust agreement, those held by a pension corporation or pension fund society, those administered under legislation of the Government of Canada, or government of a province of Canada as well as those held by an insurance company for investment management only.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices