Tax Management and Accounting Services: Corporate tax rates and legislation—Status for accounting purposes (December 31, 2011)

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This quarterly update discusses developments related to the accounting for income taxes. It includes:

• Legislative changes—October 1, 2011, to December 31, 2011
• Federal and provincial/territorial bills—tabled or received royal assent in 2011; or tabled before 2011, but did not receive royal assent before 2011
• Corporate income tax rates¹—accounting status (January 1, 2008, to December 31, 2011)
• Background—determining the accounting status of income tax changes (see the Appendix on page 6)

¹ Other than Canadian-controlled private corporation small business rates and thresholds.