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Canada Launches Consultation on Tax Implications of International Accounting Rules for Insurance Contracts

|Approved Changes|Canada
Canada

Canada's Department of Finance has launched a consultation on the tax implications of international accounting rules for insurance contracts (IFRS 17) coming into effect on 1 January 2023.

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Consultations on Tax Implications of International Accounting Rules for Insurance Contracts (IFRS 17)

Join In: Open until July 30, 2021

On January 1, 2023, new international accounting rules for insurance contracts – known as International Financial Reporting Standards (IFRS) 17 – will come into …

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