Canada - Income Tax Exposure Draft (April 2009)

Canada's Accounting Standards Board (AcSB) has issued an Exposure Draft proposing to replace the existing IFRS income tax guidance with a new standard recently proposed by the International Accounting Standards Board (IASB). The new income tax standard will apply to publicly accountable enterprises at changeover to IFRS. Comments are requested by July 31, 2009. (Read and comment on the Income Tax Exposure Draft - April 2009.)