Using the Trust Administration Fee (TAF) Feature (BC)
Our automated Trust Administration Fee (TAF) feature: Is available for firms with British Columbia as their region. Provides quick access reporting Record bulk TAF payment
Transaction Levies & TAFs
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Using the Transaction Levy Feature
CosmoLex’s automated transaction levy feature: Is available for Ontario, Newfoundland & Labrador, and Alberta provinces. Provides quick access reporting Streamlines bulk levy payment
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Record Transaction Levy Payment (ON/NL/AB)
Note: This article will walk you through how to record payment of your Transaction Levies using our Transaction Levy feature. If you chose to track your levies using Accounts Payable instead, follow these steps.
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Transaction Levy Amounts
Transaction Levies may need to be paid for real estate or civil litigation cases in Newfoundland & Labrador, Ontario, and Alberta. The system pre-fills the levy amounts based on the province and levy type. This amount can be overwritten under Setup > Regional Settings.
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Track Trust Administration Fees (TAF) Through Accounts Payable (BC)
Visit the Law Society of British Columbia to learn more about Trust Administration Fees (TAF) If you are located in BC and only need to track one TAF per matter, we recommend using the Trust Admin Fee feature. If your needs are outside of that scope, you will need to use Accounts Payable (AP) to manage your TAFs. …
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Track Transaction Levies Through Accounts Payable
Visit the Law Society of Ontario, the Law Society of Newfoundland & Labrador or the Law Society of Alberta to learn more about Transaction Levies. If your firm is located in ON, NL or AB, we recommend using the Transaction Levy feature If your needs are outside of that scope, you will need to use Accounts Payable (AP) to manage your …
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