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Tax memo: IFRS and Tax: The Rubber has Hit the Road
The move to International Financial Reporting Standards (IFRS) from current Canadian Generally Accepted Accounting Principles (Canadian GAAP) will fundamentally change the way Canadian companies report their business results. The move will also affect the measurement and reporting of income taxes for financial statement purposes and the calculation of Canadian taxes payable. This Tax memo considers these possibilities under three headings:
- Financial Statement Effects
- Accounting for Income Taxes
- Computation of Taxes Payable
Contacts
- Diane Kazarian
-
Diane Kazarian, CA, CPA
Partner
Toronto, Ontario
Specialty
- Credit risk management
- Legal and reputational risk management
Experience
- Audit and Assurance
- Banking and Capital Markets
- Financial Services
- Partner
- Tel: +1 416 365 8228
- Fax: +1 416 947 8956
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