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:
-
changes in capital, including premiums, discounts and expenses relating to the issue, redemption or cancellation of share capital;
-
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;
-
contributions by owners or others (see Section 3251 Equity);
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transfers to and from reserves (see Section 3260 Reserves);
-
dividend distributions (including stock dividends); and
- 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.