Amendments to Section 3856, Financial Instruments

By CPA Canada
Published: 12/01/2018

The Accounting Standards Board began its project to review Redeemable Preferred Shares Issued in a Tax Planning Arrangement more than five years ago. The project will conclude when the Board issues the final amendments to the accounting standards by the end of 2018.

Learn about the proposed amendments and understand how they might affect a private enterprise or not-for-profit organization’s financial statements, and its compliance with lending and other agreements.

Amendments to Section 3856, Financial Instruments