v3.24.1.1.u2
Current And Future Changes In Accounting Policies (Tables)
6 Months Ended
Apr. 30, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule Of Adjustments To Insurance-Related Balance Reported Under IFRS 4
The following table sets out adjustments
 
to the
Bank’s insurance-related balances reported under
 
IFRS 4 as at October 31, 2022 used to derive
 
the insurance contract liabilities and reinsurance
 
contract assets
recognized by the Bank as at November
 
1, 2022 under IFRS 17.
(millions of Canadian dollars)
Amount
Insurance-related liabilities
$
7,468
Other liabilities
131
Other assets
(2,361)
Net insurance-related balances as at October
 
31, 2022
$
5,238
Changes in actuarial assumptions, including
 
risk adjustment and discount factor
 
(192)
Recognition of losses on onerous contracts
113
Other adjustments
(93)
Net insurance-related balances as at
 
November 1, 2022
$
5,066
Insurance contract liabilities
$
5,761
Reinsurance contract assets
(695)
Net insurance-related balances as at
 
November 1, 2022
$
5,066