No Cash Model Rule
The No Cash Rule means lawyers must not accept:
- more than $7,500 in cash from clients or prospective clients, in respect to any one client matter.
- more than $7,500 in cash on a client matter even if there is more than one client. The limit applies despite the number of clients.
A lawyer can accept greater than 7,500 cash from a client:
- for unrelated matters, but only if the amount for each individual matter is $7,500 or less; or
- in foreign currency, but the amount once converted to Canadian dollars must not be greater than $7,500.
The following exception applies:
- A lawyer may receive more than $7,500 cash in connection with the provision of legal services if it:
- comes from a financial institution or public body;
- comes from a peace officer, law enforcement agency, or other agent of the crown (acting in their official capacity);
- is used to pay a fine, penalty or bail; or
- is for professional fees, disbursements, or expenses, provided that any refund is also made in cash.
Refer to the Guidance document for more detailed information.