Reporting Mixed Trust Accounts
How to Report Your Mixed Trust Accounts
Reporting mixed trust accounts enables The Law Foundation of Ontario to be confident that it receives the interest generated on all lawyers’ and paralegals’ mixed trust accounts. This revenue goes to The Law Foundation of Ontario to make grants that advance access to justice, including to Legal Aid Ontario.
Form 1: Annual Report on The Law Foundation of Ontario, Form 2: Report on Opening a Mixed Trust Account and Form 3: Report on Closing a Mixed Trust Account were discontinued effective January 1, 2016 to simplify reporting for the professions.
Instead, the reporting of mixed trust accounts is integrated with the Annual Report Filing formerly the Lawyer Annual Report and the Paralegal Annual Report, which must be submitted through the Law Society Portal. The mixed trust account information is shared with The Law Foundation of Ontario.
Form to Report on Opening or Closing a Trust Account.
Frequently Asked Questions