Imagine Canada

Strong Charities. Strong Communities.

Accounting Standards

CPA Canada, the national accounting standard-setting body, is in the process of reviewing and, ultimately, revising the framework for accounting for nonprofit organizations. In due course, this will lead to new and possibly quite different accounting standards that will apply to all nonprofits’ financial reporting.

Imagine Canada and numerous sector partners assessed CPA Canada’s Statement of Principles and worked to raise the profile of the issue among sector organizations. As a result, CPA received close to 300 submissions from the sector, noting the concerns about the proposed direction for reform. As CPA Canada considers the comments it received and eventually moves forward with definitive proposals, Imagine Canada will continue to monitor, raise awareness, and comment on them on behalf of the sector.

Further Reading

Our National Partners

  • great west life
  • Lawson Foundation
  • Muttart Foundation
  • RBC Foundation
  • Suncor
  • TD Bank
  • investors group

Learn more about our National Partners and other supporters.

Charitable Registration Number: 119218790 RR0001