The Ontario Levy applies only to firms operating in Ontario, Canada. It is a surcharge that is charged by the Upper Canada Law Society. The levy applies to files that are real estate and civil litigation matters. The $50.00 value for real estate and the $65.00 value for civil litigation, includes the HST.
To use the Ontario Levy report, create a disbursement code for the levy in the Disbursement Codes screen. The correct settings for the disbursement code are GST/HST = Y and Tax on Billing selected. The Ontario Levy report produces a list of all client files for which disbursements were entered using one of these two disbursement code.
Unity® Accounting is shipped with two disbursements codes for your use: OLL – Transaction Levy – Litigation, as a fix rate of $57.52 and OLR – Transaction Levy – Real Estate, as a fix rate of $48.67. These codes can be modified accordingly to meet your needs.
Steps:
- Click Reports, Ontario Levy or Reports, Other, Ontario Levy.
- In the Transactions From and To fields, enter the date range for transactions to include on the report. Normally would be for the remitting quarter.
- Enter the Disbursement code that you use for the Ontario Special Levy. Enter OLL or OLR.
- Select View to display the report on your screen or select Print to send it to your printer.