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Public Sector Accounting Standards

Exposure Draft, “Tangible Capital Assets, Proposed Amendments to Section PS 3150”


The Public Sector Accounting Board (PSAB) proposes, subject to comments received following exposure, to amend Section PS 3150, Tangible Capital Assets, in the CPA Canada Public Sector Accounting (PSA) Handbook as set out in this Exposure Draft. These amendments are a result of the review of Section PS 4230, Capital Assets Held by Not-for-Profit Organizations, and Section PS 4240, Collections Held by Not-for-Profit Organizations, as part of its GNFP Strategy implementation.

For government not-for-profit organizations currently applying the PS 4200 series, as a result of proposed amendments to Section PS 3150, Sections PS 4230 and PS 4240 will no longer apply once an entity applies Section PS 3150.

Staff Contact(s)

Michael Puskaric, MBA, CPA, CMA Director, Public Sector Accounting Board


In March 2022, PSAB approved as its Government Not-for-Profit (GNFP) Strategy, public sector accounting standards (PSAS) incorporating the PS 4200 series with potential customizations. This Exposure Draft is the first in a series to implement PSAB’s GNFP Strategy.