The application for registration fee is payable at the time of submission of the application. TICO's registration application fees are in accordance with TICO's Fee Schedule.
Application Fees for a new registration are as follows:
| Entity | Required Fee |
| Travel Agent or Travel Wholesale - Head Office | $3,000 |
| Travel Agent or Travel Wholesale - Branch Office | $800 |
The application fees are non-refundable.
If you have questions, please contact TICO at 1-888-451-8426 or email
TICO's registration department is here to assist you with any questions.
TICO's registration renewal fees are in accordance with TICO’s Fee Schedule. A renewal fee is payable for each retail and wholesale registration held. The renewal fees are for a one-year period and are based on reported gross sales in Ontario during the last fiscal year.
Following a comprehensive funding framework and fee review, on February 1, 2024, TICO announced changes to its fee structure for registrants with year-ends on or after April 1, 2024.
With the recalibrated renewal fee bands, all registrants pay the same variable rate on the same dollar of Ontario Gross Sales.
| New Fee Bands (Ontario Gross Sales) | New Renewal Fees |
| Less than or equal to $10 million | Flat rate of $750 |
| Greater than $10 million to $50 million | $0.29 per $1,000 in OGS |
| Greater than $50 million to $100 million | $0.27 per $1,000 in OGS |
| Greater than $100 million to $250 million | $0.25 per $1,000 in OGS |
| Greater than $250 million | $0.23 per $1,000 in OGS |
To estimate your registration renewal fees under the new fee structure, please use TICO's estimate calculator:
$
Annual Renewal Fee: $0
To estimate your total fees, including your Compensation Fund assessment, please to use the comprehensive calculator
An additional fee is required for each branch office:
| Branch Offices | Renewal Fee |
| Branch Office(s) | $300 each |
Branch renewal dates will be aligned with the renewal date of their head office. TICO registration renewal fees are payable 90 days after the registrant 's year-end. An invoice will be sent to you approximately 60-days prior to the payment due date.
Registrants with a year-end on or prior to March 31, 2024 will pay registration renewal fees for this cycle based on the existing fee schedule. In 2025, your annual registration renewal fee will be based on the new fee model (as described above).
|
Sales Volume |
Renewal Fee |
|
$2 million or less |
$300 |
|
More than $2 million but not more than $5 million |
$600 |
|
More than $5 million but not more than $10 million |
$900 |
|
More than $10 million but not more than $50 million |
$1,200 |
|
Over $50 million |
$1,800 |
An additional fee is required for each branch office:
| Branch Offices | Renewal Fee |
| Branch Office(s) | $300 each |
Branch renewal dates will be aligned with the renewal date of their head office. TICO registration renewal fees are payable 90 days after the registrant's year-end. An invoice will be sent to you approximately 60-days prior to the payment due date.
As of April 1, 2024, TICO is instituting new late filing fees to encourage timely submission of required documentation and payment for registration renewals and Compensation Fund filings. This will allow TICO to ensure efficient processing without the need for extensive reminders and individual follow-ups.
|
Type |
Late Fee |
|
Registration renewal (due within 90 days of year-end) |
$100 |
|
Annual financial statement filing (due within 90 days of year-end) |
$100 |
|
Compensation Fund (Form 1) filing (due within 90 days of year-end) |
$100 |
|
Notice of business change (due within 5 days of change) |
$25 |