COVID-19 — Accounting and Tax Resources

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Global responses to the coronavirus disease 2019 (COVID-19) outbreak continue to rapidly evolve. COVID-19 has already had a significant impact on global financial markets, and it may have accounting implications for many entities.

This page includes resources that highlight some of the key accounting and disclosure issues to be considered by entities that may arise as a result of COVID-19 in preparing their financial statements applying IFRS Standards for periods ending on or after December 31, 2019.

In addition, the Government of Canada and certain provincial governments have introduced measures to support Canadians and stimulate the economy. We anticipate that more incentives to support businesses and individuals are to come, as Canada navigates through the evolving COVID-19 crisis. Our Tax and Legal team is closely monitoring all government announcements, and will provide regular updates on any Canadian government support available.


Further information

Accounting and financial reporting contacts:

Kerry Danyluk, Diana De Acetis, Maryse Vendette, Joyce Lam, Alexia Donoghue or An Lam.

Tax contacts:

Philippe Bélair and Albert Baker

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.