Bill 47 is enacted for U.S. GAAP purposes on December 5, 2013, the date the bill received Royal Assent. Bill 47 was substantively enacted for purposes of IFRS and Accounting Standards for Private Enterprise (ASPE) as of May 30, 2013, when it received first reading in the provincial legislature (as Manitoba has a majority government).
For more information, contact your KPMG adviser.
Information is current to December 10, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500