Please find below the notice seeking consent from the Office of the Superintendent of Financial Institutions (OSFI) for the withdrawal of surplus assets for the surplus that was declared as of December 31, 2024. CBC/Radio-Canada has applied to OSFI for the withdrawal.
The distribution of surplus assets as of December 31, 2024 will not occur earlier than 40 days after the day on which OSFI provides their consent to the withdrawal of funds. If consent is received by the beginning of September 2025, we expect surplus amounts will be paid in autumn 2025.
OSFI has granted us the right to apply the consent already obtained from all active Plan members and former plan members for the distribution of consecutive surplus amounts until 2027 inclusively. This means that members did not need to consent before we sought OSFI’s approval for this new surplus amount as of December 31, 2024, nor is member consent required for any consecutive surplus amounts that may occur for 2025, 2026 and 2027.
CBC Notice 2024 – Surplus Withdrawal
July 2025