Chris - Brief Accounting
posted this on February 7, 2013, 15:01
Law Society of Upper Canada Transaction Levy
A lawyer or law firm that acts for one or more parties on a civil litigation matter must pay the Law Society a civil litigation transaction levy surcharge of $50.00 per transaction inclusive of all taxes.
Transaction Levy's in Brief Accounting are posted via a special Transaction Levy Disbursement Code.
The first step is to create a unique revenue GL account for the transaction levy. See below on creating a new GL account: