Canadian GAAP definition

Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

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Canadian GAAP means accounting principles generally accepted in Canada;

Canadian GAAP means generally accepted accounting principles in effect from time to time in Canada for public enterprises applied in a consistent manner from period to period including, without limitation, the accounting recommendations published in the Handbook of the Chartered Professional Accountants of Canada;

Examples of Canadian GAAP in a sentence

Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under Canadian GAAP and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with Canadian GAAP.
Such financial statements show all material indebtedness and other material liabilities, direct or contingent, of the U.S. Borrower and its Subsidiaries and the Borrower and its Subsidiaries, respectively, as of the date thereof, including material liabilities for taxes, material commitments, and Indebtedness, in each case, to the extent required to be disclosed under GAAP (or, with respect to financial statements of the Borrower and its Subsidiaries, Canadian GAAP).
All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP (or, with respect to financial statements of the Borrower and its Subsidiaries, Canadian GAAP).
The Company shall keep and cause each subsidiary to keep adequate records and books of account, in which complete entries will be made in accordance with Canadian GAAP consistently applied, reflecting all financial transactions of the Company and its subsidiaries, and in which, for each fiscal year, all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.
Such annual financial statements shall be audited by an independent certified public accounting firm acceptable to the Administrative Agent and the U.S. Administrative Agent, and accompanied by a report thereon by such certified public accountants that is not qualified with respect to scope limitations imposed by the Borrower or any of its Subsidiaries or with respect to accounting principles followed by the Borrower or any of its Subsidiaries not in accordance with Canadian GAAP.

More Definitions of Canadian GAAP

Canadian GAAP means Canadian generally accepted accounting principles;

Canadian GAAP means Canadian generally accepted accounting principles applied on a consistent basis;

Canadian GAAP means generally accepted accounting principles in Canada.

Canadian GAAP means generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles used in the Company’s annual financial statements contained in the Company’s annual report delivered to its shareholders in respect of the fiscal year immediately prior to the date of such computation, including International Financial Reporting Standards as issued by the International Accounting Standards Board.

Canadian GAAP means generally accepted accounting principles determined with reference to the Handbook;

Canadian GAAP means Canadian generally accepted accounting principles or interpretations thereof;

Canadian GAAP means generally accepted accounting principles that are in effect from time to time in Canada; for greater certainty, Canadian GAAP includes, to the extent applicable, International Financial Reporting Standards as issued by the International Accounting Standards Board.