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Handbook Update – Section 3065, Leases

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Dec 01, 2021

on December 1, 2021, the Accounting Standards Board (AcSB) amended Section 3065, "Leases" to extend the optional relief by one year for both lessees and lessors on accounting for rent concessions received or granted as a result of the COVID-19 pandemic. This amendment is effective for fiscal years ending on or after December 31, 2021. Earlier application is permitted, including in financial statements not yet authorized for issue.

Review the amendments on the CPA Canada's website.

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.