Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick Required for most listed companies and financial institutions. However, (a) companies also filing in the United States are permitted to apply US GAAP and (b) rate-regulated entities are permitted to apply US GAAP until 2019 even if they do not file in the United States.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick If the foreign company is also a US SEC issuer, it may use US GAAP. Also, if the foreign company is from jurisdictions designated by the Canadian Securities Regulators, it may use its home accounting standards. Otherwise the foreign company must use IFRS Standards.
The IFRS for SMEs Standard is required or permitted No.
The IFRS for SMEs Standard is under consideration No.
Last updated:
23 June 2017
Last updated:
18 November 2015
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