New Accounting Standards

3 Months Ended

Mar. 31, 2013

New Accounting Pronouncements and Changes In Accounting Principles [Abstract]

Accounting Changes and Error Corrections [Text Block]

11. New Accounting Standards

In February 2013, the Financial Accounting Standards Board (FASB) issued guidance on reporting reclassification adjustments from accumulated other comprehensive income (AOCI). The amendments of this guidance do not change the current requirements for reporting new income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the financial statements or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced with other disclosures that provide additional detail. This standard is effective prospectively for annual and interim periods beginning after December 15, 2012. The adoption of this amendment resulted in additional footnote disclosure within the Corporation’s consolidated financial statements.