Monthly Archives: April 2010

//April

IFRS vs Canadian GAAP – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets

The International Accounting Standards Board (IASB) is in the process of reviewing IAS 37 in order to improve the guidance on identifying liabilities, reduce differences between IAS 37 and U.S. GAAP, make the recognition requirements for liabilities in the scope of IAS 37 consistent with those for other liabilities, and clarify the requirements for measuring [...]

IFRS vs Canadian GAAP – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets 2016-10-14T13:26:50+00:00

Ontario HST – How to Prepare for Implementation

Effective July 1, 2010, Ontario’s Retail Sales Tax (RST) be replaced with the Ontario Harmonized Sales Tax (HST). The HST will have a combined tax rate of 13 per cent — combining the existing five per cent federal Goods and Services Tax (GST) and an eight per cent Ontario component. The HST will be administered [...]

Ontario HST – How to Prepare for Implementation 2016-10-14T13:26:50+00:00