• Home
• Letter from the Chair
• Letter from the CEO
• Statement of Corporate Governance Practices
• Management's Discussion and Analysis
• Management Statement
• Auditors' Report to the Shareholders
• Consolidated Financial Statements
• Notes to the Consolidated Financial Statements

• Note 1	Note 2	Note 3
  Note 4	Note 5	Note 6
  Note 7	Note 8	Note 9
  Note 10	Note 11	Note 12
  Note 13	Note 14	Note 15
  Note 16	Note 17	Note 18
  Note 19	Note 20	Note 21
  Note 22	Note 23	Note 24
  Note 25	Note 26	Note 27

• Three-year Review: Financial Information
• Board of Directors
• Senior Management
• Shareholder Information

Notes to the Consolidated Financial Statements
Years ended December 31, 2008 and 2007 (In thousands of dollars, except per share amounts)

26. Contingent liabilities:

The Company may make additional payments of up to a maximum $3,082 contingent on the results of acquisition operations within the next two years.

In the first half of 2009, the Company expects to exercise its option and acquire NTP, which it estimates will require cash of approximately $20,000 to $30,000, in addition to issuing approximately $25,000 to $35,000 of TMX Group common shares.

From time to time in connection with its operations, the Company or its subsidiaries are named as a defendant in actions for damages and costs sustained by plaintiffs, or as a respondent in court proceedings challenging the Company’s or its subsidiaries’ regulatory actions, decisions or jurisdiction. In 2005, TSX Venture Exchange was named as a defendant in an action for unspecified damages. The Company believes this claim is without merit and intends to vigorously defend the action. Accordingly, no provision has been set up in the accounts.