The Canadian Investment Funds Standards Committee was formed in January 1998 by Canada's major mutual fund database and research firms with a self-imposed mandate to standardize the classifications of Canadian-domiciled mutual funds. This site outlines the goals and findings of the committee. The categories are in a constant state of review and as such the committee extends an invitation for comments from all Canadian mutual fund industry participants.

The primary purpose of the committee is to provide investors with a consistent set of mutual fund categories. The proliferation of mutual fund listings and analysis services has created confusion in the absence of industry-standardized fund categories. While the committee recognizes that no fund category scheme is suited for all purposes, establishing a standard is nonetheless considered beneficial for the mutual fund investor.