It had only one division, and was won by NYC Floorball, who defeated Boston Puukädet for the first-ever Canada Cup crown.

Once again, it was held at the same venue, and saw almost the same result, only this time Montréal United was the runner-up to NYC Floorball, which captured their second Canada Cup Championship.

In addition to that, the tournament became the first North American competition to have two venues running simultaneously, as matches took place at both Humber College and the Ultimate Sports Centre.

To add to all of these achievements, the tournament also housed the first matches between the Canadian and the United States' national floorball teams.

In the end, the first Canadian team to capture the elite division at the Canada Cup came in the form of Montréal United, who defeated Innebandy Chicago 8:4.

A record 39 clubs registered for the 5th edition of the event, which most notably saw the addition of a ladies division and one central venue with several courts, at York University.

An attempt was made to implement a midget youth division for the 2008 tournament, but the idea was scrapped due to a lack of interest.

The tournament saw California's X-Stream IBK capture the elite crown, with a victory over the Czech Republic's TJ Sokol Jaroměř.

Source for Sports also returned as the tournament's headline sponsor, and 4 Finnish referees from the Salibandyliiga and the IFF were also hand to officiate matches.

The elite division, which has been contested from the tournament's inception, sees the best teams from around the world play at a high level of floorball.

The Canada Cup has also allowed the opportunity for youth teams to participate across 4 divisions: High School, Bantam, and Atom, and Peewee.