Alberta Lawyers Indemnity Association (“ALIA”) has reduced the annual levy for 2021-2022 to:
- $2,229 for Part A
- $388 for Part B
- $2,617 total (Part A + Part B) before GST
This is the lowest the Part A levy has been since the 2009-2010 policy year and the Part B levy has never been lower.
This marks the fourth 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 was able to achieve this reduction in the base levy by applying capital from the returns on ALIA’s investments and the credit for the Civil Litigation Filing Levy
”). Accordingly, this reduction in base levy was achieved despite there being no material improvement in Subscribers’ claims experience in the past year; without the application of capital and the CLFL credit, the 2021-2022 levy would have been higher than last year’s.
Payment of the levy is due by June 30, 2021. Lawyers will be notified when the invoices are available by an upcoming ALIAdvisory.
The CLFL also comes into effect on July 1, 2021.