Investing Portfolio Management International Investing How to Use Canada's SEDAR Canada's Version of the SEC's EDGAR By Justin Kuepper Justin Kuepper Twitter Justin Kuepper is a financial analyst, journalist, and private investor with over 15 years of experience in the domestic and international markets. learn about our editorial policies Updated on December 25, 2021 Reviewed by Michael J Boyle Reviewed by Michael J Boyle Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. learn about our financial review board Fact checked by Julian Binder Fact checked by Julian Binder Julian Binder is a fact checker, researcher, and historian. They were the recipient of the North American Studies Book Prize (2016, 2017), and they have previous experience as an economics research assistant. They have also worked as a writer and editor for various companies, and have published cultural studies work in an academic journal. As a fact checker for The Balance, Julian is able to utilize their experience as an editor and economics research assistant. Their role as fact checker is to review articles for accuracy, update data as needed, and verify all facts by citing trusted sources. learn about our editorial policies In This Article View All In This Article How Does SEDAR Work? How to Access SEDAR Important SEDAR Filings Photo: d3sign / Getty Images If you're an investor who lives in the United States, you may be familiar with the U.S. Securities & Exchange Commission's (SEC) EDGAR database. EDGAR is useful for retrieving SEC filings. These filings include everything from annual reports (10-K filings) to insider transactions (Form 4 filings). In Canada, there is a similar filing system for Canadian firms. This database is known as SEDAR. Learn more about how you can access SEDAR and identify key filings to assist in your due diligence for Canadian companies. Key Takeaways Like the U.S. SEC's EDGAR database, Canada's SEDAR is designed to make financial markets more transparent to investors.You can access SEDAR filings online. Filings can be searched, saved, shared, and printed.Before you invest in a company, review its annual reports, financial statements, MD&A, prospectuses, and NI 43-101 reports. How Does SEDAR Work? SEDAR is an acronym for System for Electric Document Analysis and Retrieval. The database is run by the Canadian Securities Administrators (CSA), which regulates securities in Canada. SEDAR works very much the same as the U.S. SEC's EDGAR database. Canadian companies must use SEDAR to file documents such as financial statements and prospectuses in PDF format. The goal is to increase transparency by making the data available to the public and easy to access. CSA also allows companies to submit filings in XBRL (eXtensible Business Reporting Language) as well as PDF. But, regulators have not yet required public companies to make these updated filings, as in the United States. XRBL is a business reporting language designed to make sharing and analyzing financial data easier. How to Access SEDAR You can access filings in either English or French at SEDAR's home page. Once you choose a section, you can search records by clicking on the "Search Database" link under the SEDAR logo. Then, select either "company" or "investment fund" to search records. The company records search page provides many options. You can search for specific companies, look into industry groups, search by filing date, or look for only certain documents. Note Document names differ from their counterparts in the United States (SEC filings). Still, many of the same categorizations exist. Once you find what you're looking for, click to view the filing and agree to the terms and conditions. When you open the PDF file, you can save, search, print, or share it using Adobe Acrobat's built-in tools. The process is a little less streamlined than the United States' EDGAR system. Still, it's a good way to find and read company filings. However, no third-party services offer access to SEDAR filings, given how they must be accessed and the lack of an API. Important SEDAR Filings It's important to know what to look for when you use SEDAR to help you identify potential investment opportunities. When you know which filings are most useful, you can sort through the clutter to find the data you need to do your due diligence. Here are some important filings to watch: Annual Report: Annual reports summarize a company's progress and financial condition over the course of a year. These documents provide you with a great overview of a company and its operations. Financial Statements: Financial statements provide key insights into a company's growth via its income statement and cash flow statement. Learn about a firm's financial health by looking at its balance sheet. Management's Discussion & Analysis: These reports are often filed with financial statements. They contain an in-depth discussion of the financial results and related information. Prospectus: A prospectus provides information about companies looking to raise capital or undergo an initial public offering (IPO). These include both business descriptions and financial statements. NI 43-101 Reports: NI 43-101 reports are highly regarded reports in Canada's resource sectors, which account for a significant part of the country's economy. You can find many other filings covering any number of different circumstances. Canadian investors should familiarize themselves with these filing types to better research potential investments and existing holdings. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Financial Accounting Standards Board. "About XBRL." SEDAR. "SEDAR General FAQ. " Statistics Canada. "Natural Resource Indicators, Fourth Quarter 2019."