Are there any exceptions to the cash limit?
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Last updated
Last updated
Yes. A licensee may accept more than $7,500 Canadian cash in connection with the provision of legal services for a client file if the cash is received is
for fees, disbursements, or expenses, provided that any refund out of such receipts is also made in cash;
to pay a fine, a penalty, or bail;
from a peace officer, law enforcement agency, or other agent of the Crown acting in an official capacity; or
from one of the following entities:
a public body (click to see what "public body" includes);
an authorized foreign bank within the meaning of Section 2 of the (Canada) in respect of its business in Canada or a bank to which the (Canada) applies;
a cooperative credit society, savings and credit union, or caisse populaire that is regulated by a provincial or territorial Act;
an association that is regulated by the ;
a financial services cooperative that is regulated by or and that is not a caisse populaire, a credit union central or a federation of credit unions or caisses populaires that is regulated by a provincial other than Quebec, or territorial Act;
a company that is regulated by the ;
a trust company or loan company that is regulated by a provincial or territorial Act; or
a department or agent of Her Majesty in right of Canada or of a province or territory where the department or agent accepts deposit liabilities in the course of providing financial services to the public.