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.