Justice Lukasz Granosik, Treasurer, reported that the Association’s financial health is “very good, even excellent” and highlighted the following:

  • Revenue: The primary source of revenue is membership dues, totaling over $600,000 annually.
  • Expenses: The Quadrennial Commission is a main expense. Following the Commission’s report, the Association submits for reimbursement of a portion of the total expenses incurred to represent the judiciary in the process. Typically, 63-65% is reimbursed. The Association strategically sets aside funds annually to cover the net balance and to ensure sufficient funds to front the expenses before any reimbursement. 
  • Investments: The Association invests operating funds and a savings fund restricted for the stabilization of premiums within our Supplemental Health Insurance Plan. Working under the guidance of Nesbitt Burns, within the parameters of our investment policy established in 2021, investment income was approximately 7% in 2024. For 2025, a 2% increase in the first five months was noted. The investment strategy includes 55% in fixed income, 15-20% in cash/short-term investments, and 25% in equity/stock-related investments.
  • Audit Report: The auditor, Kevin Hughes from Vaive and Associates, issued an opinion on the financial statements, indicating they are “clean, complete, and comply with accounting standards.” No issues with controls were found. The Association operates with a “very modest surplus” even without investment income, demonstrating strong financial management. The financial risks are low with the major receivable coming from the Quadrennial Commission reimbursement from government and market risk related to investments.

For more information, consult the AGM materials and reports.

The AGM reinforced the CSCJA’s strong commitment to supporting its members, safeguarding judicial independence, and promoting the efficient administration of justice in Canada and internationally. The Association looks forward to continued collaboration and progress on these important initiatives.