Effective Dates for New Standards
Pension Plans

This summary of recently issued pronouncements has been prepared for information purposes only. Consequential amendments to existing standards resulting from the issuance of new standards and less significant changes to existing standards are not included below. For more details, see the CPA Canada Handbook – Accounting.

Pension plans are required to adopt accounting standards for pension plans in Part IV of the Handbook as Canadian GAAP for fiscal years beginning on or after January 1, 2011. Benefit plans that have characteristics similar to pension plans and provide benefits other than pensions, except for those that provide benefits during active service, are also required to adopt accounting standards for pension plans at that date. Benefit plans providing benefits during active service are required to adopt accounting standards for pension plans as Canadian GAAP for fiscal years beginning on or after January 1, 2012. 

  

Pronouncement

 

Application

Effective for annual periods beginning on or after January 1, 2013:

Amendments to Section 4600, Pension Plans re:

  • fair value disclosures
  • fair value measurement
 In accordance with specific requirements in Section 4600

Effective for annual periods beginning on or after January 1, 2012:

Amendments to Section 4600, Pension Plans re:

  • definition of benefit plan
 Retrospective