JURSIDICTION SNAPSHOT:


Country: Canada
Status: Full Jurisdiction
Jurisdiction Name : xbrl.ca
Website : http://www.xbrl.org/ca
Membership Count: 17
IFRS Adoption for Public Companies: not permitted

 

REGULATORS:
Companies Registrar: Corporations Canada
Banking Supervisor: Bank of Canada (Banque du Canada)
Securities Regulator: Ontario Securities Commission

 

PRINCIPAL EXCHANGES:

Montreal Exchange
TSX: Toronto Stock Exchange

XBRL PROJECTS OVERVIEW:

Canadian Securities Administrators Voluntary Filing
XBRL Canada Development

JURISDICTION MEMBERSHIP:

Automated Filing Services Inc.
CaseWare International, Inc.
CDS Innovations Inc.
Certified General Accountant's Assn of Canada
Clarity Systems, Ltd.
CMA Canada
CNW Group Ltd
Deloitte & Touche LLP
MarketWire
Merrill Corporation Canada
Multi-Access Systems
NBourbaki
Office of Superintendent of Financial Institutions
Office of the Comptroller General of Canada
PricewaterhouseCoopers LLP
Statistics Canada
TNT Filings Inc.

PROGRESS REPORT:

The Canadian acknowledged taxonomy for primary financial
statements was updated and released in 2006 and formally
re-acknowledged in early 2007. A new Notes taxonomy was
acknowledged in late 2007.


Canada is moving to IFRS by 2011 and preparations are
underway to accommodate this change from an XBRL
viewpoint. XBRL Canada has formed a task force to support
the transition, which includes a support mechanism with
IASC Foundation involvement. It also is developing a tool
using XBRL GL that maps Canadian GAAP to IFRS and is
designed to help companies understand the significance of
the differences.


The Voluntary Filing Program initiated by the CSA in 2006 has
continued but with little take up so far. However, the new SEC
rules have stimulated considerable interest in XBRL Canada,
as most companies understand that this will have a big effect
in Canada both because of the existing SEC registrants
in Canada and because of the potential for corresponding
changes in Canadian regulations.


Jurisdiction Representative:
Bill Swirsky
For more information, please visit the XBRL Canada web site
at www.xbrl.ca or contact:
Gerald Trites
Project Director, XBRL Canada
c/o Canadian Institute of Chartered Accountants
277 Wellington Street West