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.