The tournament was won by the Toronto Olympians after defeating St. Catharines Roma Wolves 3-0 on goals on aggregate.
[3] Though initially the tournament was restricted to CPSL member clubs plans were formulated for future participation of USL A-League Canadian franchises and the champions of the various top provincial leagues.
[3] Eventually the league's objective would be reached in the 2003 Open Canada Cup as the tournament officially became open to all Canadian professional and amateur clubs in order to provide a potential candidate for the CONCACAF Champions' Cup.
[4] The original format of the tournament was organized into a group stage with the two top teams advancing to the semifinals.
Assistant referees: Silviu Petrescu Amato DeLuca Fourth official: Manuel Orellana Toronto won 3–0 on aggregate.