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Section 3610 - Capital transactions

Effective date:

January 1, 2011

Published by the AcSB:

December 2009

Overview

This Section establishes presentation standards for capital transactions. Capital transactions include items such as:

  1. changes in capital, including premiums, discounts and expenses relating to the issue, redemption or cancellation of share capital;

  2. gains or losses on purchase and resale by a company of its own issued common shares or on purchase and cancellation by a company of its own issued common shares;

  3. contributions by owners or others (see Section 3251 Equity);

  4. transfers to and from reserves (see Section 3260 Reserves);

  5. dividend distributions (including stock dividends); and

  6. taxes arising at the time of changes in shareholder status or share capital transactions (see paragraphs 3465.09 and 3465.59-.78 Income Taxes).

History of Section 3610

Date

Development

Comments

December 2009

Part II of the CPA Canada Handbook issued

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

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

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.