News Listings

The CSSB 2025–2028 Strategic Plan has been finalized after extensive consultation and assessment of Canada’s sustainability disclosure landscape. The Board’s three priorities are: establishing the CSSB as the reference source for Canadian Sustainability Disclosure Standards and supporting their implementation; including Indigenous Peoples in sustainability disclosure standard setting; and contributing to international standards. Read the plan and learn how feedback shaped it in the accompanying Feedback Statement.

The CSSB’s Updated 2025-2026 Annual Plan is based on its strategic priorities that focus on: advancing Canada’s role in global sustainability disclosure; including Indigenous Peoples in sustainability disclosure standard setting; and supporting the implementation of the Canadian Sustainability Disclosure Standards. Read more.

The AcSB has issued amendments to Section 3041, Agriculture, to remove certain disclosure requirements for agricultural inventories and provide targeted clarifications on the accounting for productive biological assets. The amendments are effective for fiscal years beginning on or after January 1, 2027, with earlier application permitted.

The AcSB discussed Retractable or Mandatorily Redeemable Shares, met with members of the International Accounting Standards Board and Canadian Securities Administrators, and more. Read our Decision Summary for full details.

The AcSB wants your feedback on proposed amendments to ASPE that would allow private enterprises to amortize goodwill and provide optional relief from recognizing acquired intangible assets. Submit your comments by January 31, 2026.

The AcSB proposes amendments to Sections 1582, Business Combinations, and Section 3064, Goodwill and Intangible Assets. These proposals would allow private enterprises to amortize goodwill and provide optional relief from recognizing intangible assets acquired in a business combination. Learn about these proposals and how to share your views by January 31, 2026.

Have you faced any challenges applying Section PS 2601 (Foreign Currency Translation), Section 3041 (Portfolio Investments), or Section PS 3450 (Financial Instruments)? If so, we want to hear from you. Share your experience and complete our survey by December 12, 2025.

The IFRS Accounting Standards Discussion Group wants to hear about the challenges you face when applying IFRS Accounting Standards. Submit your issue by October 17, 2025, for consideration as a discussion topic at our December 9, 2025, meeting.

PSAB reviewed draft amendments to Proposed Section PS 3251, Employee Benefits, the feedback received to the Exposure Draft “Narrow-scope Amendments: SORP-1 Consistency Updates,” the initial survey for the GNFP Contributions and Financial Statement Presentation project, and the timeline for developing its next Strategic Plan. The Board also received updates from recent Indigenous Advisory Group and the Government Not-for-Profit Advisory Group meetings and approved the Post-implementation Review Assessment project proposal for Financial Instruments. Read the full Decision Summary for details!

Are you a Canadian private enterprise, a user of their financial statements, or a practitioner familiar with private enterprise financial reporting? Watch our recorded webinar to learn more about the application issues and proposed solutions discussed in the AcSB’s Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises.” We also outlined how you can share your views during our comment period. Watch it now and stay up to date with our project!