Effective Dates for New Standards
Private Enterprises

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.

 

Pronouncement

 

Application

Effective for annual periods beginning on or after January 2018:

Amendments to Section 1591, Subsidiaries re:
Prospective, except as specified in paragraph 1591.39C
Amendments to Section 3051, Investments
  
Retrospective

Effective for annual periods beginning on or after January 2017:

Amendments to Sections 1591, Subsidiaries
  
Retrospective
Amendments to Section 3056, Interests and Joint Arrangements
  
Retrospective

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

2015 Annual Improvements to:

  • Section 1582, Business Combinations
  • Section 3051, Investments
  • Section 3061, Property, Plant and Equipment
  • Section 3065, Leases
  • Section 3462, Employee Future Benefits
Retrospective
Section 1591, Subsidiaries   In accordance with specific requirements in Section 1591
Amendments to Section 3051, Investments   In accordance with specific requirements in Section 3051
Section 3056, Interests in Joint Arrangements   In accordance with specific requirements in Section 3056

Effective for annual periods beginning on or after January 1, 2015:

2014 Improvements to Section 3856, Financial Instruments   Retrospective