Trust Accounting Requirements

All law firms are required to annually submit a completed Annual Certificate (Form S) within 45 days within their fiscal year end and the Accountant’s Report (Form T) within 90 days of their fiscal year end.

Upon initial start-up of a law firm in Alberta, an Initial Accountant’s Report (Form U) must be submitted to the LSA. 

Please contact Membership Services if you are making any changes to the organization of your firm’s trust accounting.

Refer to Part 5 of the Rules for more information regarding Financial Records, Accounts & Trust Money.

All forms are to be provided by fax or mail to LSA Membership Services, or email the Membership Department.

Important Information

Changing fiscal year end date
The LSA must be notified in writing if a law firm has changed their fiscal year end.

Closing trust accounts or a law firm
Law firms must close all trust accounts and submit a completed Change of Particulars Form, a final Form S and Form T. Form S must indicate the date the trust account was closed and filed within 45 days of fiscal year end. Form T must be filed within 90 days of fiscal year end.

Issues regarding undisbursable trust funds, as well as questions about accounting procedures or practices should be directed to the Audit Department.

All forms are to be provided by fax or mail to LSA Membership Services, or email the Membership Department.

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