Section 3251 - Equity

Effective date:

January 1, 2011, except for subsequent amendments.

Published by the AcSB:

December 2009


This Section establishes standards for the presentation of equity and changes in equity during the reporting period. The requirements of this Section are in addition to those in Section 3240 Share capital, and Section 3260 Reserves.

History of Section 3251




December 2009

Part II of the CPA Canada Handbook issued

Effective for fiscal years beginning on or after January 1, 2011.

De­cem­ber 2018

Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement (Amendments to Sections 1591, 3251 and 3856)

The amendments are effective for annual financial statements relating to fiscal years beginning on or after January 1, 2020. Earlier application is permitted.

April 2020

Re­tractable or Manda­to­rily Re­deemable Shares Is­sued in a Tax Plan­ning Arrange­ment (Amend­ments to Sec­tions 1591, 3251 and 3856)

At its meet­ing on April 15, 2020, as a re­sult of the im­pact of the Covid 19 pan­demic, the AcSB de­cided to de­fer the ef­fec­tive date of these amendments by one year to fis­cal years be­gin­ning on or af­ter Jan­u­ary 1, 2021. Ear­lier ap­pli­ca­tion con­tin­ues to be per­mit­ted. The related amendments to the CPA Canada Handbook – Accounting Part II were issued on August 1, 2020.

Note: The above summary does not include details of consequential amendments made as the result of other projects.

Private Enterprise Advisory Committee Meeting Notes

  • February 7, 2018 - Discussed a summary of the feedback obtained from outreach activities on the Exposure Draft

Amendments under consideration

  • None

Correction list for hyphenation

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