Lawyers must remit a $15 trust administration fee for each distinct client matter in connection with which trust funds are received on or after March 1, 2005, unless the trust funds are solely for the purpose of paying legal fees or to be held as a retainer.
You must remit the trust administration fee collected or allocated to a client file for the previous quarter within 30 days of the end of that quarter (Law Society Rule 2-110).
A law firm is not required to file a nil return if no TAF was collected.
The filing ID is the 9-digit or 10-digit number provided by the Trust Assurance Department in your quarterly TAF reminder letter. If you have misplaced your firm's TAF filing ID, contact us at: 604.697.5810 or trustaccounting@lsbc.org
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