This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Guideline PSG 8 - Purchased intangibles

Effective date:

Fiscal years beginning on or after April 1, 2023. Earlier adoption is permitted.

Published by the PSAB:

November 2020


This new Guideline explains the scope of the intangibles now allowed to be recognized in financial statements given the removal of the recognition prohibition relating to purchased intangibles in Section PS 1000

The main features of the new Guideline are:

  •    A definition of purchased intangibles.
  •    Examples of items that are not purchased intangibles.
  •    References to other guidance in the PSA Handbook on intangibles.
  •    Reference to the asset definition, general recognition criteria and the GAAP hierarchy for accounting for purchased intangibles.
  •    Retroactive or prospective application is permitted.


History of Guideline PSG 8




November 2020

New Guide­line relating to the recognition of purchased intangibles. Refer to the Completed Project.

This Guideline applies to fiscal years beginning on or after April 1, 2023. Earlier adoption is permitted.

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.