Prior to the implementation of IFRSs in 2011, Canadian GAAP required that joint ventures be reported using:

Name: Prior to the implementation of IFRSs in 2011, Canadian GAAP required that joint ventures be reported using:
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Prior to 2011, Canadian GAAP required joint ventures to be reported using the Proportionate Consolidation Method, which involves including the investor's share of the joint venture's assets, liabilities, income, and expenses in their financial statements.

Prior to the Implementation of IFRSs in 2011, Canadian GAAP