Effective Dates for New Standards
Private Sector Not-for-Profit Organizations

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.

   

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Pronouncement

 

Application

Effective for annual periods beginning on or after January 1, 2019:

Section 4433, Tangible capital assets held by not-for-profit organizations

 

In accordance with specific requirements in Section 4433

Section 4434, Intangible assets held by not-for-profit organizations

In accordance with specific requirements in Section 4434

 Section 4441, Collections held by not-for-profit organizations

In accordance with specific requirements in Section 4441

Effective for annual periods beginning on or after January 1, 2016:

Amendments to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations re:

  • definition of proportionate consolidation

Retrospective