Notes to Consolidated Financial Statements [in thousands of Canadian dollars, except per share amounts] December 31, 2012 and 2011 16. COMPENSATION OF KEY MANAGEMENT The remuneration of directors and other key management personnel of CI during the years ended December 31, is as follows: CI is currently evaluating the impact the following new standards issued by the IASB will have on its fi nancial statements.  CI will has not yet determined whether to early adopt IFRS 9 –  Financial Instruments . IFRS 10  Consolidated Financial Statements  (“IFRS 10”) replaces the consolidation requirements in SIC-12,  Consolidation – Special  Purpose Entities  and IAS 27,  Consolidated and Separate Financial Statements . IFRS 10 builds on existing principles by identifying  the concept of control as the determining factor in whether an entity should be included within the consolidated fi nancial  statements of the parent company. IFRS 12  Disclosures of Interests in Other Entities  establishes disclosure requirements for interests in other entities, including  subsidiaries, joint arrangements, associates and unconsolidated structured entities. The standard carries forward existing  disclosures and also introduces significant additional disclosure requirements that address the nature of, and risks associated  with, an entity’s interest in other entities. 86 17. FUTURE ACCOUNTING CHANGES 2012  2011 $  $ Salaries  10,746 9,887 Equity-based compensation   878 1,365 Total  11,624  11,252 International Accounting Standard  Issue Date  Effective Date IFRS 10 – Consolidated Financial Statements  May 12, 2011  January 1, 2013 IFRS 12 – Disclosures of Interests in Other Entities  May 12, 2011  January 1, 2013 IFRS 13 – Fair Value Measurement  May 12, 2011  January 1, 2013 IFRS 9 – Financial Instruments  November 12, 2009  January 1, 2015