With the changeover from Canadian GAAP to International Financial Reporting Standards (IFRS) for fiscal periods starting on or after January 1, 2011 quickly approaching, the need to answer IFRS-related questions is growing more urgent:
- You may be grappling with questions about IFRS differences related to specific items as you prepare your company’s opening balance sheet
- As your financial statement disclosures, including tax disclosures, will change significantly under IFRS, you may be uncertain of what first-time adoption tax disclosures are required and what documentation the CRA expects you to maintain
- As you look ahead to the preparation of your 2010 tax returns, it may be unclear how converting to IFRS and transitional adjustments may affect your current taxes and your 2010 tax filings, especially regarding issues on which CRA guidance is still forthcoming.
On Wednesday, October 20, 2010, KPMG’s Tax Accounting and Audit Support team presented on these and other practical issues that are arising as companies prepare their conversion to IFRS.
Our presenters included moderator Dan Vance, National Leader – Canadian Corporate Tax, and four of our most experienced professionals from our cross-country IFRS Tax team: Pam Zabarylo (Toronto), Chris Post (Calgary), Mike Brawn (Vancouver), and Mario Minato (Montréal).
If you were unable to join the webcast, an archived version of it and a copy of the presentation are now available for access at any time. To access the webcast replay and a copy of the presentation, click here.
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