LOCAL RULES

British Columbia statement of receipts and disbursements requirements

Your British Columbia statement of receipts and disbursements has 2 rules to meet. ReportDraft puts every one on your checklist and checks your draft before you sign.

  • A signed bill delivered to the client
  • Property transfer tax paid on registration
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Conveyancing Support works out the statement of adjustments, the property transfer tax and the statement of receipts and disbursements for you to check. In British Columbia the transfer and mortgage documents are prepared by a lawyer or notary, and Conveyancing Support is made mainly for them.

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At the end of a British Columbia conveyance, the client gets an account of every dollar that went through trust on the file: what came in, what went out, and the balance they owe or get back. The statement of receipts and disbursements is that account. It sits beside the lawyer's bill, which the Legal Profession Act says must carry a detailed statement of disbursements.

Last reviewed November 4, 2026 against the official sources listed below.

Statement of receipts and disbursementsBRITISH COLUMBIA / FREE CALCULATOR

Statement of receipts and disbursements

ItemReceivedPaid out
Legal fee$1,150.00
Taxes on the legal fee$138.00
Totals$0.00$1,288.00
Balance owing by the client$1,288.00

Every amount received into and paid out of trust for this file. E. and O. E.

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What British Columbia requires

What goes on each side

On the purchaser's side, receipts are usually the mortgage advance and the client's own funds; disbursements are the balance due to the vendor's lawyer or notary from the statement of adjustments, the property transfer tax paid with the registration, registration and search fees, and the legal fee with its taxes.

On the vendor's side, the receipt is the balance due from the purchaser; disbursements are the mortgage payout, the real estate commission, any holdbacks, and the fee. The balance left is paid to the client.

The bill and the client's rights

A lawyer delivers a signed bill, or a signed letter that refers to it, with a reasonably descriptive statement of the services, a lump sum charge and a detailed statement of disbursements. The lawyer cannot sue on it for 30 days. The client may have it reviewed within 12 months after delivery or 3 months after paying, whichever comes first.

Who prepares the registered documents

The transfer and the mortgage registered at the land title office are prepared by a lawyer or notary: drawing them for a fee is part of the practice of law in British Columbia. The statement here is the accounting that goes with that work.

Common mistakes

  • Taking the balance from an old draft of the statement of adjustments instead of the final one.
  • Leaving the property transfer tax off the purchaser's statement because it was paid electronically.
  • Showing the legal fee without its taxes, so the balance does not match the trust ledger.
  • Forgetting holdbacks still sitting in trust after completion.

Sources

Last reviewed November 4, 2026. Next review due February 4, 2027. This page explains published rules to help you write your report. It is not legal advice; the official text linked above governs.