Section 3805 - Investment tax credits
Effective date: |
January 1, 2011 |
Published by the AcSB: |
December 2009 |
Overview
This Section establishes standards in respect of recognition of investment tax credits. Investment tax credits are a type of government assistance related to specific qualifying expenditures prescribed by tax legislation. The standard requires that investment tax credits are accounted for using a "cost reduction" approach where they are recognized in income on the same basis as the related expenditures are charged to income.
History of Section 3805
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.