We are pleased to invite you to attend this free webinar on the amendments to Section 3856, “Financial Instruments”, in connection with the classification of retractable or mandatorily redeemable shares issued in a tax planning arrangement (hereafter “redeemable shares”).
These amendments could result in significant changes in the accounting for redeemable shares and, in many cases, require the reclassification of these shares as liabilities at redemption amount.
While these amendments only apply to annual financial statements relating to fiscal years beginning on or after January 1, 2020, it is not too early to consider the potential impact of the amendments on the classification of redeemable shares, as well as the resulting impact on covenants and debt agreements.
Each participant who attends the webinar will be able to take a test at the end of the session. A training certificate, which applies to training hours recognized by the Quebec CPA Order (OCPAQ), will be given to each participant who passes the test.
Stéphanie Fournier, CPA, CA, Senior Manager, Risk Management and Accounting Research
Patrick Brousseau, CPA, CA, Senior Manager, Risk Management and Accounting Research
This information session is offered free of charge by Raymond Chabot Grant Thornton (in French only).
Participants will be invited to ask questions online.