Accounting Standards for Private Sector Not-for-Profit Organizations

Effective Dates for New Standards

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 1, 2019:
Section 4433, Tangible capital assets heldby 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

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.