IAS 38: Intangible Assets

IAS 38: Intangible Assets IAS 38: Intangible Assets outlines the accounting requirements for intangible assets. Intangible assets are non-monetary assets which are without any physical substance and identifiable. Intangible assets that meet the relevant recognition criteria are initially measured at cost…

Capital Gains – Income Tax

Capital Gains - Income Tax Capital gain is the profit gained when an investor sells a capital asset for a price which is more than its purchase price. Capital gains are taxable under the Income Tax Act. However, an exemption…