The February 2018 Flash Bulletin summarizes the Exposure Draft issued by the Canadian Accounting Standards Board in September 2017 entitled Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement (Proposed amendments to Sections 1591, 3251 and 3856).

It is relevant to private enterprises who report under Part II of the CPA Canada Handbook – Accounting (ASPE).

This Exposure Draft will bring significant changes to the financial statements of private enterprises for 2020 fiscal years and after.

This publication is intended to inform readers about recent changes in accounting; however, it cannot deal with all aspects of the Exposure Draft. Readers are always encouraged to refer to the original publications mentioned in the articles before making any decisions.

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