Section PS 3410 – Government Transfers

March 01, 2013

SCOPE

Section PS 3410 applies to:

  • Accounting for and reporting government transfers to individuals, organizations and other governments from both a transferring government’s perspective and a recipient government’s perspective.

Does not apply to:

  • Transfers made through a tax system that are authorized through tax legislation (refer to paragraph .41 of Section PS 3510, Tax Revenue);
  • Grants in lieu of taxes;
  • Settlements of lawsuits or other types of legal compensation provided by governments;
  • Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) payments; and
  • Transfers of non-monetary assets other than tangible capital assets, such as transfers of purchased natural resources and rights, transfers of equity investments, transfers of items inherited in right of the Crown or transfers or works of art and historical treasures.
This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our privacy statement for more information on the cookies we use and how to delete or block them.