Audited Financial Statements - Agency Activities

Notes to the Financial Statements - Agency Activities

12. Contingent liabilities

The Agency is a defendant in certain cases of pending and threatened litigation which arose in the normal course of operations. The total determinable amount of claims has been estimated at $14,843,000 ($9,350,000 as at March 31, 2004). The current best estimate of the amount likely to be paid in respect of these claims and potential claims would be recorded in Other liabilities.

The contingencies for contaminated sites as at March 31, 2004 have been transferred to the Canada Border Services Agency.

Date modified:

2005-10-26