IFRS in Canada

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Potential IFRS Liability Treatment for REIT Units

Under International Financial Reporting Standards (IFRS), there is the possibility that units of open-ended Canadian real estate investment trusts (REITs) could be reclassified as a liability rather than equity.

While REITs don't have to present their first IFRS financial statements until 2011, this publication describes what actions may be required before their upcoming annual general meetings to avoid potentially undesirable accounting results for 2010 and 2011 comparative IFRS figures.

Resources

PwC Canada’s 2011 IFRS Survey Download the complete results now.

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