Tangible Capital Assets Home
In 2002, the Public Sector Accounting Board (PSAB) released a research report Accounting for Infrastructure in the Public Sector. A key recommendation this report is that municipalities should record and report their capital assets in their financial statements, including information on the condition of those assets. The Canadian Institute of Chartered Accountants (CICA) recently approved recommendation to require local governments to recognize capital expenditures capital assets and to amortize (depreciate)them over their expected useful life. This recommendation is effective for the 2009 reporting year. Regardless of the time, it is important to begin preparations well in advance to meet this deadline.
This page has been created to provide access to all of the latest news and information on the Tangible Capital Assets (TCA) Project. You will find newsletters, guidelines, resource documents and access to a discussion board for questions and answers in fulfilling the requirements for the TCA.
TCA Grant Reporting Templates: