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IFRS® Accounting Standards

Availability of a Refund (Amendments to IFRIC 14)


The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) project to amend IFRIC Interpretation (IFRIC) 14 IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction. This project was combined with proposed amendments to IAS 19 Employee Benefits at the exposure draft stage.

Staff Contact(s)

Andrew White, CPA, CA Associate Director, Accounting Standards Board

Project Status

  • Information gathering

    Completed prior to January 2015

  • Approving project

    The IASB approved the project in January 2015

    The IASB split original project into two parts and issued Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) in February 2018

    The AcSB endorsed and incorporated these amendments into Part I of the CPA Canada Handbook – Accounting in April 2018

  • Consulting stakeholders

    IASB issued an Exposure Draft, June 2015

    AcSB issued an Exposure Draft, July 2015

    AcSB consulted with several stakeholders with expertise in employee future benefits (including stakeholders representing audit firms and benefit consulting firms) in August 2015 and August 2017

  • Deliberating feedback

    The IASB and AcSB deliberated comments on their Exposure Drafts

  • Final pronouncement

    The IASB concluded that the expected benefits of the project would not outweigh the expected costs and consequently decided to withdraw the project from its workplan


June 25, 2015


IASB Exposure Draft – Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14)

June 25, 2015. The IASB has issued an Exposure Draft proposing amendments to IAS 19 Employee Benefits and IFRIC 14 IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction. Canadian stakeholders are encouraged to submit their comments to the IASB by October 19, 2015.


This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.