Transaction Levies & TAFs |
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
- Prior TAF Setup required.
CosmoLex's automated transaction levy feature:
- Is available for Ontario, Newfoundland & Labrador, and Alberta provinces.
- Provides quick access reporting
- Streamlines bulk levy payment
- Prior Transaction Levy Setup required
This article will walk you through how to record payment of your Transaction Levies using our Transaction Levy feature. If you are located in a different province and have different Transaction Levy requirements, you will need to use Accounts Payable (AP) to manage your Transaction Levies.
Transaction Levies may need to be paid for real estate or civil litigation cases in Newfoundland & Labrador, Ontario, and Alberta.
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.
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 levies.