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Despite higher claims, levy reduced to a 14-year low
Alberta Lawyers Indemnity Association (“ALIA”) has set the annual levy for 2022-2023 to:
- $2,300 for Part A
- $210 for Part B
- $2,510 combined (Part A + Part B) before GST
The 2022-2023 annual levy is the lowest the Part A levy has been since the 2008-2009 policy year and the lowest the Part B levy has ever been.
This marks the fifth year in a row that ALIA has reduced the amount of the annual base levy payable by Alberta lawyers (“Subscribers”) participating in the mandatory indemnity program (the “Program”).
ALIA decreased the base levy despite an increase in reported claims and the continued trend of average paid claim costs increasing. ALIA achieved this reduction in the base levy by applying capital from the returns on its investments and the credit for the Civil Litigation Filing Levy (“CLFL”). Without the application of capital and the CLFL credit, the 2022-2023 levy would have been significantly higher than last year’s.
Payment of the levy is due by June 30, 2022. Invoices will be made available online through the Law Society of Alberta’s Lawyer Portal in mid-May. GST is payable on the levy, so the amount of the invoices for those without individual surcharges will be $2,635.50.
Further information:
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ALIA does not provide legal advice. ALIAdvisory notices, ALIAlerts and the content on ALIA’s website, notices, blogs, correspondence and any other communications are provided for general information purposes only and do not constitute legal or other professional advice or an opinion of any kind. This information is not a replacement for specific legal advice and does not create a solicitor-client relationship.
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