XBRL Canada's New Integrated Taxonomy Acknowledged by XBRL International
XBRL Canada is pleased to announce that their new taxonomy, the Canadian GAAP taxonomy, has been acknowledged by XBRL International.  The new taxonomy combines the previous taxonomies for Primary Financial Statements (PFS) and Notes to the Financial Statements and also contains updates reflecting changes in Canadian GAAP made since the previous taxonomies were released.

Although Canada is moving to IFRS for publicly accountable enterprises, Canadian GAAP remains the standard for all private companies, which account for more than 90% of all Canadian companies. The new taxonomy will be suitable for such companies and in future will be maintained exclusively for them.

The new taxonomy can be found at the following links:

http://www.xbrl.ca/index.php?option=com_content&view=article&id=42

http://www.xbrl.org/ca/gaap/2010-05-05/ca-gaap-2010-05-05.pdf